Interesting comment. Tbh, I didn't focus on Russia when I saw how big their trade balance surplus was.

You're right to say that Russia's prospect of long term growth, public debt and deficit are much better than all other countries, but it's mainly thanks to those exports among which 73% are energy and minerals.

I don't think the global north is in trouble when you compare it to the global south, but if nothing is done to tilt that trade balance deficit, it will.