The price of crude oil continues to tank. It's down about 3% in overnight trading and if the markets react the way we're expecting tomorrow, it might drop 5% in 25 hours, after plumeting sharply last week.
This is music to my ears. Russia doesn't care at all about it's people. They're more than happy to toss their men (young and old) into a wood chipper, in order to support Putin's expansionist desires. The number of fatalities endured by Russia will not bring an end to Russia's aggression, but you know what will? Oil prices. The Russians are already being stretched incredibly thin economically. Interest rates for borrowing money in Russia are in the range of 20%, and have been for some time. Inflation has continued to ravage the country and the people have lost tremendous buying power over the course of the war. The death knell would be oil prices crashing down near $50.00 per barrel, because Russian Urals would trade at a further $5.00-$10.00 discount to that, which would be a devastating blow to Russia's cash flow (especially it's foreign currency liquidity). In that scenario, Putin would basically be forced to negotiate an end to the war, or risk Russia falling off the cliff into a significant financial depression that could take years to recover from.