Deripaska believes that the West will have to bow to China because of the banking crisis

Russian businessman Oleg Deripaska believes that due to economic problems, the West will inevitably have to “bow down” to China. He called the economic policy of Western states unreasonable, drawing attention to excessively high bank rates in the US and other countries.

“Only money will not fill this crisis. I’ll have to take off my pants and go bow to the Chinese. No matter how much one wants to, one will have to start a new page, as they say, already in the bipolar world,” wrote Oleg Deripaska in his Telegram channel.

According to him, “ultra-liberal economists from the Fed are to blame for the problems in the banking sector of the West, raising the stakes thoughtlessly in their stubbornness to ignore reality.”

“The United States has never come so close to bankruptcy of its public finances. Many heads will fly in Washington this spring (and among them will be the head of this terrorist toad – gas pipeline fuses),” the businessman concluded. also he suggestedthat it will open the way to peace in 2025.

Formerly Mr Deripaska suggestedthat the problems in the American economy associated with the collapse of the Silicon Valley Bank will inevitably have a negative impact on countries friendly to Russia. The businessman said that he expects a plan of anti-crisis measures from the Russian authorities and major banks in order to “calculate their strength for these next difficult months.”

The West started talking about a new economic crisis after collapse American Silicon Valley Bank and Signature Bankas well as the financial problems of the Swiss bank Credit Suisse, which led to its absorption UBS.

Alexander Kislov