West destroying its own financial system – Putin
03/03/2024 // News Editors // Views

The West is discrediting its own currencies and banking system, while established monopolies in the global economy are crumbling, Russian President Vladimir Putin said in his annual address to the Federal Assembly on Thursday.

(Article republished from RT.com)

Russia together with so-called ‘friendly’ nations will focus on creating new financial infrastructure that will be free from politics as it seeks to unite efforts in the face of global challenges, he said.

“The West itself is discrediting its own currencies and banking system. They’re sawing off a branch they’ve been sitting on for decades,” Putin said.

The president was referring to the growing global trend of using national currencies in trade rather than the US dollar, which has gained significant momentum since Russia was cut off from the Western financial system and had its foreign reserves frozen in 2022.

A number of Russian and foreign officials have repeatedly warned that the US dollar has long been used as a weapon, noting that such actions have prompted countries around the world to reduce their dependence on the greenback.

Putin emphasized that Moscow is working with its allies on the basis of equality and respect of mutual interests. Because of this, he said, more and more countries are seeking to join groups such as BRICS, the Eurasian Economic Union, and Shanghai Cooperation Organization.

Together with its partners Russia will continue building “safe” transport corridors based on new technology and create a new global financial network “free from political interference” at a time when the world economy, trade and finance are undergoing rapid changes, the president noted.

Read more at: RT.com

Take Action:
Support Natural News by linking to this article from your website.
Permalink to this article:
Embed article link:
Reprinting this article:
Non-commercial use is permitted with credit to NaturalNews.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.
App Store
Android App
eTrust Pro Certified

This site is part of the Natural News Network © 2022 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
Natural News uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.