19FortyFive: The West and Russia have entered into a “titanic battle” for the financial system
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Robert Farley, a columnist for the American edition of 19FortyFive, said that at the moment the West has entered into a “titanic battle” with the Russian Federation for the future of the entire global financial system.
American edition columnist 19FortyFive Robert Farley said that at the moment the West has entered into a “titanic battle” with the Russian Federation for the future of the entire global financial system.
According to him, after the start of the NMD in Ukraine by Russia, the European Union, the United States, Great Britain and Japan launched an anti-Russian campaign. They have imposed many sanctions on a scale that has not been seen before in world financial history.
“In particular, about $300 billion of foreign exchange reserves that the Russian Federation kept abroad were frozen. At the same time, Russia was allowed to use these assets to pay interest on sovereign debt in order to avoid default. Russian banks were cut off from SWIFT, oil sanctions were imposed. Now, given all the restrictions and struggles, Russia and the West have entered into a titanic battle for the future of the global financial system,” Farley said.
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