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US Policies Will Backfire, Russia to Expand Relations With Countries in Eurasia, Africa, Latin America – Economics Bitcoin News

by The Novum Times
29 April 2023
in Cryptocurrency
Reading Time: 3 mins read
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Russia’s president, Vladimir Putin, has slammed the actions of the elites within the U.S. and Europe, stating that they don’t at all times act in the very best curiosity of their very own individuals. “It is going to backfire on them,” he stated. Putin additionally referred to as for a cohesive response to the West’s financial aggression, emphasizing that Russia will strengthen its partnerships with pleasant nations and collaborate with overseas companions.

Putin Plans to Increase Partnerships With Pleasant Nations

Russian President Vladimir Putin slammed insurance policies within the U.S. and Europe whereas calling for a cohesive response to the West’s financial aggression at a gathering with the Council of Legislators on Friday, Russian information outlet Tass reported.

“We aren’t going to isolate ourselves. Quite the opposite, we’ll increase pragmatic, equitable, mutually useful relations which are nothing lower than partnerships with pleasant international locations in Eurasia, Africa, Latin America,” Putin stated, including:

In the USA, by the best way, we’ve lots of people that suppose alongside the identical traces as we do. Similar with Europe. The elites behave in a different way. However we all know that the elites in these international locations are removed from at all times conducting the insurance policies that profit the curiosity of their very own individuals. It is going to backfire on them.

The Russian president additionally expressed his authorities’s willingness to collaborate with overseas companions, together with international corporations and firms that “worth their enterprise repute and need to cooperate with Russia.”

Putin additional careworn: “Amid the West’s financial aggression, the parliament, the federal government, and all regional and native authorities should act clearly and rapidly and work as one cohesive, well-coordinated workforce.”

Following the onset of the Russia-Ukraine warfare, Western international locations imposed aggressive sanctions on Russia. Furthermore, the U.S. and its Western allies have seized over $300 billion in Russian central financial institution overseas forex property frozen by sanctions.

The financial sanctions and the weaponization of the U.S. greenback have led a rising variety of international locations to de-dollarize and settle commerce in non-USD currencies. The BRICS nations are additionally working to create a typical forex. This week, the deputy chairman of Russia’s Safety Council, Dmitry Medvedev, urged all international locations to make efforts to make sure that the “menace of world confrontation, of a sizzling, full-scale World Warfare III” doesn’t materialize. “World tensions are white-hot certainly,” he warned.

What do you concentrate on the statements by Russian President Vladimir Putin? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.

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