The markets are going nuts this morning after reports that Russia has attacked Ukraine.
Don’t panic, but I do suggest if you need gas and groceries, you might want to get them today . Prices are going up .
As for now, sanctions are still in flux.
Hopefully this market disruption will be a temporary thing, but it’s always smart to be prepared.
With inflation , the value of the dollar goes down. So if you buy groceries now, and inflation rises, you’ll get more for your money today than tomorrow.
Also ,there could be shortages in certain things since Russia will be sanctioned for its actions against Ukraine. Shortages also cause higher prices.
Here are some of the things that Russia exports: grains such as wheat and corn and soy, fertilizers, and various metals such as aluminum.
Europe will be more directly and immediately affected by energy supply and higher costs if Russia oil and gas is sanctioned , but the whole world will feel the impact . Crude Oil prices are over $100 barrel again, as they were pre-Trump.
You can watch the changes in the market here . https://cnn.com/business/markets/commodities/
Most of all , we should be praying for the leaders of the world. Europe is quite worried about Russia’s aggressive behavior. The U.S is also deeply involved with the situation.
As always, trust God. Nothing is a surprise to Him!