US policies led to ‘new G8’ – Moscow — RT Russia & Former Soviet Union

The US “with its personal palms” pushed the international locations, which aren’t collaborating in “sanctions wars,” to type a “new Large Eight” group with Russia, the Russian State Duma speaker Vyacheslav Volodin mentioned on Saturday.

Following the launch of Russia’s navy offensive in Ukraine in late February, the US, EU, UK and plenty of different international locations imposed hard-hitting restrictions on Moscow, making Russia essentially the most sanctioned nation on the earth.

In a Telegram put up, Volodin included a desk with IMF information on GDP based mostly on buying energy parity of nations he calls the “new G8” and of nations forming the present G7 (after Russia’s participation within the bloc was suspended over Crimea’s vote to hitch the nation in 2014, the G8 successfully became the G7).

“The group of eight international locations not collaborating within the sanctions wars – China, India, Russia, Indonesia, Brazil, Mexico, Iran, Turkey – when it comes to GDP at PPP is 24.4% forward of the outdated group,” Volodin wrote.

In his opinion, the economies of the G7 members – america, Japan, Germany, Britain, France, Italy and Canada – proceed “to crack beneath the load of sanctions imposed towards Russia.”

“The rupture of current financial relations by Washington and its allies has led to the formation of latest factors of development on the earth,” Volodin claimed.

Whereas having severe financial difficulties, the US, in keeping with the Duma speaker, continues “doing every thing to unravel their issues on the expense of others.” Creating tensions will “inevitably” lead the US to lose its world domination, Volodin pressured.

“The US created the circumstances with its personal palms for international locations wishing to construct an equal dialogue and mutually useful relations to really type a ‘new Large Eight’ along with Russia,” he mentioned.

In the meantime, on Friday, US Deputy Assistant Secretary of State Eric Woodhouse mentioned that Washington and its allies had realized that they’d get “spillovers” of anti-Russia sanctions into their very own economies. Their willpower in imposing sanctions on Moscow, he claimed, has demonstrated a willingness to “settle for these prices.”

US Treasury Secretary Janet Yellen admitted on the identical day that the anti-Russia sanctions have made a “enormous distinction to meals and power costs,” amid record-setting inflation. The remarks adopted the assertion by the Russian President Vladimir Putin who mentioned that “a few years of errors made by Western nations” of their financial and sanctions insurance policies have prompted “a world wave of inflation, disruption of established logistical and manufacturing chains, a surge in poverty and a deficit of meals.”

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