Borrell called Russia a “gas station with an atomic bomb”
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Russia, compared to other countries, is an “economic dwarf”, it is like a gas station, the owner of which has an atomic bomb declared in an interview with El Pais, EU High Representative for Foreign Affairs Josep Borrell.
“China is a real geopolitical player, while Russia is an economic dwarf, like a gas station whose owner has an atomic bomb,” Borrell said.
Russian President Vladimir Putin in mid-June declared about the trend of reducing Russia’s dependence on the “oil and gas needle”. At the plenary session SPIEF he said that the growth of non-oil and gas revenues in January-May amounted to 9.1%. According to the president, this is “an important indicator that the real sector of our economy, its manufacturing enterprises <...> develop and gain momentum.
At the end of 2020 the head of state arguedthat 70% of the Russian budget is no longer formed at the expense of oil and gas revenues.
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