Russian oil exports to India surge as Europe shuns cargoes | Financial Times (ft.com)
Russia is weathering supply side shock hence inflation
Sanctions. Have
Curtailed dollar earnings
Curtailed supply of goods
Panic buying of goods that is demand surge
The run on Rouble ( shedding of Rouble as means of hedging
All are the causes of inflation in Russia
For that matter US is itself in supply side shock hence the average Joe
Is seeing 14% inflation but the JKoe in power is blind
The new road (G216)
The G216 is an old dream of the Chinese leadership. In early 1951, Mao Zedong was desperate to link his two recently acquired provinces of Sinkiang (today Xinjiang) and Tibet. The country of the Uighurs had been annexed in December 1949, while western Tibet was invaded in November 1950; it was a matter of national priority to discover a route between Xinjiang and Tibet.
The PLA decided to cross the massive Kunlun range along the Keryia Ancient Road in Hotan County, but on 27 May 1951, the Ashi Shan (mountain) volcano erupted on the route to Tibet; it began with a loud detonation, followed by the ejection of large blocks of lava, emitting thick black smoke, and lasted for a number of days.
A large number of road workers were killed in the mishap, and the plan to build a road through the Keriya route had to be abandoned; Mao had no choice but to find an alternative. It is how the Aksai Road, today the G219 was built.
But Chinese leaders never forget the dreams of their predecessors. Today, one of the most secret projects of President Xi Jinping is to open a new link between Xinjiang and Tibet.
https://www.firstpost.com/world/as-world-focuses-on-ukraine-china-is-busy-building-a-new-strategic-road-that-puts-india-in-great-discomfort-10460071.html
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