The IMF has ranked Russia’s economy as the world’s fourth largest based on purchasing power parity, only behind China, the US and India. It also notes that 3 of the top 4 economies are BRICS members, and suggest that Russia’s upgrade has actually been driven by Western sanctions.
Dollar monopoly. Banning the dollar as a means of payment, no longer accepting it. Not only in the Russian Federation, in the BRICS countries, Shanghai format and friendly countries. You can buy goods in local currencies. If this is enforced, the world power USA will be history
The russia's central bank has raised the key rate up to 21%. This is its historic high. This exceeds forecasts and was done in an attempt to curb inflation in the russia. Increase in the key rate will slow down the economic growth.
Moscow stock exchange after the key rate was increased:
Mikael, So? What does that have to so with the IMF and its assessment of the Russian economy? Another post that has no substance relating to the topic at hand.
Mikael, just as the stock exchange is meaningless to most Americans, the Russian stock market has no bearing on daily cost of living. If salaries are keeping pace with the rate of inflation then there isn't a problem. If salaries fall behind inflation, as it has for decades in the US. Furthermore, know nothing coward, stock prices mean nothing until you cash in your shares. Did your handlers forget to explain that to you?
Che-Alias, OH, I know exactly what I'm dealing with. And I don't consider providing facts "arguing." I consider it a challenge which he won't be able to handle.
The world is starting to turn away from the dollar, trust is falling. And this will lead to serious economic problems for the United States both inside and outside the country. During a conversation about the greatness of the dollar, the coat of arms of the US Federal Reserve flew off the podium. Accidentally? I don't think so.
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RT
No other country are INSANE enough to have DEBT this HIGH. Only stupid americans that has no brains that think this is good..
Moscow stock exchange after the key rate was increased:
Fact is, Game over for the the Green notes. Amen