World countries will inevitably begin to convert their foreign exchange reserves into raw materials, energy and food. This was expressed by Russian President Vladimir Putin, author TASS.
“According to experts, the process of transforming global reserves will be launched in the coming years. Speaking at the plenary meeting of the St. Petersburg International Economic Forum (SPIEF), Putin has nowhere to go with such deficits,” said Putin.
The head of state noted that countries will begin to convert depreciated currencies. According to him, this process will further increase global dollar inflation.
Putin before 17 June declarationHe said that Russia has entered a new era as a strong, sovereign country and will become even stronger. He emphasized that for this, it is necessary to make an effort to “go forward, to change, to feel the breath of time” and to show national will and determination.
He added that the rules of world order will be determined only by powerful countries or it is doomed to remain a powerless colony. After the collapse of the USSR, the president described modern Russia as the most powerful country in the world.