Russian President Vladimir Putin has criticized the U.S. administration's ban on international dollar transactions, calling it a colossal mistake that undermines trust in the dollar. As Russia faces economic isolation from the West, Putin is pivoting towards strengthening economic ties with countries like China and Saudi Arabia. He announced that Russia aims to boost settlements in local currencies, including within BRICS countries, and is working on developing an independent payment system free from political pressure and external interference. According to the World Bank, Russia is now the fourth largest economy worldwide in terms of GDP PPP, surpassing Japan. Putin emphasized that Western powers are to blame for the deterioration of trust in their payment systems and are losing their economic dominance. He also called for a major expansion of Russian financial markets and a reduction in the use of Western currencies. These statements were made during the St. Petersburg International Economic Forum.
USA: Trying to start WW3 to protect its hegemony. Russia: Trying to create a new financial system for BRICS+ members. It will be “free from dollar, sanctions and abuse.” Putin at #SPIEF 2024 in St. Petersburg. https://t.co/YCT092tYGw
🚨🇷🇺PUTIN: U.S ABUSE OF ITS POWER WILL DESTROY THE DOLLAR “What is happening in reality right now? There are no other promises or collateral other than trust in the U.S economy to support the world financial system. Currently, the United States is exploiting and abusing its… https://t.co/GUA7yUWfop https://t.co/RJBLoXrklH
⚠️ PUTIN: WE HAVE TO THINK THAT MILITARY SPENDINGS ARE IN LINE WITH DEVELOPMENT OF OUR ECONOMY
Vladimir Putin says countries across the globe are racing to “strengthen their sovereignty.” He also says BRICS countries are developing their own payment system. Everything I have documented for years is coming together. All roads lead to gold.
🚨🇿🇼 ZIMBABWE'S PRESIDENT: THE WEST'S REIGN OF TERROR IS OVER Emmerson Mnangagwa gave the remarks at the St. Petersburg International Economic Forum in Russia. "It is regrettable and unacceptable that the collective West continues to pursue hegemonic tendencies that blatantly… https://t.co/YoHo4z2FPq
BREAKING: Russian President Putin confirms BRICS is developing its own independent payment system. "BRICS is working on our own independent payment system, free from political pressure, abuse and external interference." https://t.co/YhGrFy6efW
🇷🇺 Main takeaway from Putin’s speech: Collective West threw everything it could at the Russian economy and Russia responded by becoming the 4th largest economy in the world. Next up: New trade routes, payment system, high tech industrial development. https://t.co/hzce9etgzy
🚨🇷🇺PUTIN: BRICS WILL REPLACE THE U.S DOLLAR "The BRICS countries are working on our own payment system, free from political pressure, abuse.. and external interference. BRICS has grown... and has great potential for the addition of new participants." Source: Sputnik, RT https://t.co/AyhTE4jmjU https://t.co/a1QvBA5zcq
🔵 PUTIN CALLS FOR MAJOR EXPANSION OF RUSSIAN FINANCIAL MARKETS, CUTTING USE OF WESTERN CURRENCIES Full Story → https://t.co/zkbKbny5I0 President Vladimir Putin said on Friday Russia needed to cut imports, significantly boost the use of non-Western currencies in trade… https://t.co/d6GeeBPKno
🇷🇺PUTIN: THE WEST IS LOSING THEIR ECONOMIC DOMINANCE "Countries that used to be leaders of global development are now trying to use every means available to grasp at straws and retain their hegemony." Source: RT, Sputnik https://t.co/sFT7kixley https://t.co/f5EMBbhS2Z
🚨🇷🇺PUTIN: RUSSIA IS 4TH LARGEST ECONOMY - THE WEST IS FAILING "Western powers themselves are to blame for the deterioration of trust in their payments systems. Russia set the goal of becoming one of the four largest global economies. According to the World Bank’s figures… https://t.co/C80MGnyjBu
🚨🇷🇺 PRESIDENT PUTIN: “According to the World Bank, Russia is now the fourth largest economy worldwide in terms of GDP PPP. We have now surpassed Japan’s economy.” https://t.co/BpPw7GyWGv
⚠️ PUTIN: WE WILL BOOST SETTLEMENTS IN LOCAL CURRENCIES, INCLUDING WITHIN BRICS COUNTRIES
PUTIN: WE WILL BOOST SETTLEMENTS IN LOCAL CURRENCIES, INCLUDING WITHIN BRICS COUNTRIES
🔵 AMID WAR, PUTIN LOOKS EAST FROM RUSSIA'S WINDOW TO EUROPE Full Story → https://t.co/yLy4LX9Vzq Cut off from the West, Russia is pitching its $2 trillion economy to giants like China and Saudi Arabia and longer-term prospects like Zimbabwe and Afghanistan at its premier… https://t.co/qrYlFCph8v
Putin called the U.S. administration's ban on international dollar transactions, which they use as a "tool of struggle," a colossal mistake. PUTIN: "Complete nonsense! This undermines trust in the dollar. It's just absurd. Here, gritting their teeth, they will do anything to… https://t.co/EvXBde0q3Q