Russia has condemned the United States and its allies of attempting to orchestrate a false default, despite the fact that the nation has the funds to pay its bills. This might ultimately lead to many countries cutting dollar holdings after Russian reserves were frozen, according to the IMF.
Last week, Russian President Vladimir Putin stated that sanctions against Moscow herald the end of an era, implying that the West’s global dominance was coming to an end. Blackrock has chimed in with their own remarks on the conflict, stating that the Ukraine crisis marked the end of globalization as
Putin has claimed that the credibility of dollar and euro has been destroyed as a result of sanctions imposed by the West On Russia.
There were previous reports that exposed how these Ukrainian labs were handling “especially dangerous pathogens” through US government-funded initiatives in early March. But what has recently come to light is Hunter Biden’s connection to these Ukraine biolabs.
It is becoming increasingly apparent that isolating Russia and totally cutting it off from the global economy is not going to be easy.
Russian President Vladimir Putin declared at a conference with the administration on Wednesday that Russia would only accept ruble payments for gas shipments to “unfriendly countries.” This could indicate the resurgence of the Russian economy and the rise of the PetroRuble.
Russia’s military operation in Ukraine and, more broadly, its conflict with the West may not change the fabric of India-Russia bilateral relations as dramatically as some observers may think.
Klaus Schwab, the founder of the World Economic Forum, has been dreaming of a “Great Reset” of the global system. He has argued that Covid-19 and the climate crisis showed that no country is an island and that more global coordination in every domain is required.
On Monday, US President Joe Biden raised some eyebrows when he stated that a “new world order” would be developed shortly, and it would be up to the US to spearhead it.
