A new financial order will be negotiated in the world, and the West won’t have the main say in it anymore, ex-Russian President Dmitry Medvedev has claimed.
The “hellish” sanctions imposed on Russia by the US, EU, and their allies over the conflict in Ukraine have failed to cripple to the country, but are instead “returning to the West like a boomerang,” Medvedev, the former Russian president who is now the deputy chairman of the Russian Security Council, wrote on Telegram. “This is hurtful for our ‘friends’ in Europe and overseas.”
But while the West continues its “fruitless efforts” to restrict Russia, “the world is gradually moving towards a new logic of global economic relations; towards upgrading the financial system,” he said.
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According to Medvedev, the US and EU have “tarnished their reputation” by blocking the reserves of the Russian central bank. “It is impossible to trust those who freeze the accounts of other states; steal other people’s business assets and personal possessions, compromising the principles of sanctity of private property.”
After the outbreak of the conflict in Ukraine in late February, the US and EU froze nearly half of Russia’s foreign currency reserves, worth $300 billion. Washington created a special Task Force, KleptoCapture, to oversee the implementation of sanctions against Moscow and seize the assets of individuals and entities who violate them.
Confidence in reserve currencies is “fading like the morning mist,” and the prospect of abandoning the dollar and euro in this role does not seem like such an unrealistic prospect anymore, he said. “The era of regional currencies is coming.”
Russia said that from March 31, it will only accept payments for gas in rubles from “unfriendly countries,” which include the US and EU. Meanwhile, Kremlin spokesman Dmitry Peskov said the process of switching to ruble payments for Russian gas export deliveries will take time and won’t begin immediately this week, despite the March 31 deadline set by presidential order: “This process is more drawn out in time for technical reasons.”
China and Saudi Arabia have been discussing switching to the yuan in their oil trade.
“No matter if they want it or not, they’ll have to negotiate a new financial order,” Medvedev said. “And the decisive voice will then be with those countries that have a strong and advanced economy, healthy public finances and a reliable monetary system. And not with those who endlessly inflate their public debt, issuing more and more pieces of paper into circulation which aren’t backed by national wealth.” [RT]
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The debt of Russia is one of the lowest in the world. The USA and Europe are balloning at altitudes never seen before.
The collapse was inevitable and the sanctions are not directed against Russia but against the people of Europe and the USA.
Their criminal regimes have used the fake pandemic before, now they use the skirmishes in Ukraine.
REGIME CHANGES IN THE WEST ARE THE ONLY SOLUTION.
IT MEANS, WE THE PEOPLE MUST STOP TO LIE TO OURSELVES AND GET REALLY ORGANIZED, VIOLENT AND READY TO KILL THIS SCUM BEFORE THEY MAKE US STARVE.
It’s time for a change.Had they not repealed the glassman steagull act and replaced it with Gramm bliley leach act this wouldn’t be happening.
Fear not Gentiles, it is prophesy and can’t be stopped. Recompense for 70 AD and 1619 began in 2019.
WE WILL EXTERMINATE THE JEWS AND THIS TIME THERE WILL BE NO ‘NEGOTIATION’. HITLER WNATED TO SEND YOU TO MADGASCAR, WE WILL SEND YOU WHERE YOU CAME FROM: TO HELL
You are indeed what Jesus of Nazareth called you; ‘The Children of Satan
and the Sons of the Devil.’
Get US connected to the rest of the world, build it up, THEN PULL THE PLUG. We sent all our manufacturing to China. Get all our oil from Arabs (who pulled them plug once under Catah) Will China PULL the plug too on manufacturing? We were GREAT when we were independent! No one could touch US.
What the guy in the vid cant get is that they DO know what the chaotic outcome of these sanctions will be. That is exactly why they’re are doing it. They WANT the dollar out- its been planned for decades instead of a formal Bretton Woods? This is how they are doing the change.
we are not helpless at tall sir?
we the people ban federal central bank government, we rebuild one 1/1000 smaller. we coin a new dollar based on metals and crops! the new gov will do 3 things, security , ports, transportation! all other needs to be placed with the people or local governments! we just do not need a fat government of pedophiles working to bring in the empire of Antichrist 666 injections!
100% WITH YOU.