‘New world financial order’ is coming – Moscow — Analysis

The US and EU have “tarnished their reputation” by freezing Russia’s central bank reserves, ex-President Dmitry Medvedev has said

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”The sanctions that were imposed by the US and EU on Russia over the conflict in Ukraine did not cripple the country. “returning to the West like a boomerang,”Telegram was the first Telegram conversation by Medvedev (the former Russian President who is currently the vice chairman of the Russian Security Council). “This is hurtful for our ‘friends’ in Europe and overseas.”

However, the West is still pursuing its goals. “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.

‘The Americans are no longer the masters of planet Earth' – ex-Russian president

Medvedev claims that both the US (and EU) have a strong relationship. “tarnished their reputation”Blocking the Russian central bank’s reserve funds “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.”

Reserve currencies are a source of confidence “fading like the morning mist,”He said that the possibility of losing the euro and dollar in such a role is not so unrealistic. “The era of regional currencies is coming.”

Russia stated that it would only accept gas payments in rubles starting March 31st. “unfriendly countries,”The EU and the US are the two major players, and China and Saudi Arabia talk about switching to yuan oil trading.

West sanctions are ignored by Ruble

“No matter if they want it or not, they’ll have to negotiate a new financial order,”Medvedev declared. “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.”

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