Russia refused to pay "tribute" to the United States?

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

The aggravation of Russia's foreign policy confrontation with Western countries and the worsening economic situation require immediate action from the country's leadership. The notorious import substitution so far it turns out, rather, a transition not to a domestic product, but to a Chinese one. We need drastic changes. Experts believe that Russia has found itself on the brink of disaster through the fault of its own government, and Western sanctions, which would have helped, albeit under the influence of “outside”, to make a modernization breakthrough, only exacerbate the situation. But, nevertheless, attempts to make a radical turn in the economy can be judged by a number of fundamental decisions. Experts' opinions on this can be found in the material on the eve.ru.

The last week was a week of revelations for the Russian Government, experts and Russians. Proposals for a radical change in the economic course were heard from the rostrum of the State Council. For example, the country's President Vladimir Putin denied the economic postulates that liberals have been instilled in the past 20-odd years, and said that from now on, the Russian economy will focus on the domestic market, and not on mythical foreign investments. Governor of the Belgorod Region Evgeny Savchenko at the meeting also called for abandoning outdated economic dogmas and adopting a new course in line with the new economic reality.

As a reminder, the Ministry of Finance saved it mainly in government bonds of its strategic competitor - the United States. The volume of the Reserve Fund is estimated at about 3.5 trillion rub … So otherwise how refusing to pay tribute to Washington, this decision cannot be called, and it is really sensational (previously it was reported about a gradual reduction in the share of Russian gold and foreign exchange reserves in US bonds, coupled with the beginning of the refusal from settlements in dollars with China and a number of other countries, this open call "World hegemon" who unleashed wars around the world).

And recently it became known that the ruling party led by Dmitry Medvedev is preparing an alternative economic course for the country. Adviser to the President Sergei Glazyev becomes one of the main ideologists of this course. A widely announced parliamentary hearing on the New Economic Policy took place in the State Duma. The measures proposed by United Russia are directly opposite to the policy of the government of Dmitry Medvedev. The deputies, in particular, propose to increase the budget deficit fivefold, sharply reduce the tax burden and spend on investments almost half of the country's gold and foreign exchange reserves over the next five years. There was a proposal to introduce a tax on the export of capital.

During a round table on the topic "The Russian economy amid growing sanctions from Western countries" held on Wednesday, Sergei Glazyev I have already talked about the difficulties that prevent the turn of the economic course from being realized.