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Are we missing the boat on why Russia is barreling down in the Ukraine?
When doing research for the Education Matrix Channel, where we discuss exotic currencies, I found this information under the keywords: “ukraine untapped oil.” I ended up on a Harvard Research page on Ukraine's untapped oil, written in 2019. This is a quote from the article:
“Excluding Russia’s gas reserves in Asia, Ukraine today holds the second biggest known gas reserves in Europe. As of late 2019, known Ukrainian reserves amounted to 1.09 trillion cubic meters of natural gas, second only to Norway’s know.”
What I was looking for was documentation to help investors understand the potential in investing in Ukraine’s currency. Although I am a tax professional, who got into exotic currency news because, the moment we earn a profit on our exotic currencies, is the same moment you will incur additional tax liabilities.
What I saw while meditating in the sun was Ukraine presents exotic currency investors with the same scenario of Kuwait and Iraq. Kuwait’s currency shot up after the invasion from Iraq in a short period of time.
This Russia-Ukraine conflict has many of the same factors as Kuwait and Iraq. Thus, I would recommend that you do your research.
Sandy Ingram is the publisher of the Education Matrix Channel where exotic currency news is published each week, mostly surrounding the Iraqi Dinar and the Vietnam Dong.
