As the BRICS countries become stronger in the global economic arena, the influence of the West’s economic growth platform will weaken. This was stated by Maxim Oreshkin, Deputy Head of the Presidential Administration of the Russian Federation, at the international symposium “Creating the Future”. TASS.
If you open the balance of payments of the United States, you will see that the volume of services provided to the rest of the world in the financial and insurance sector is $ 200 billion. In other words, the USA sold 200 billion dollars of its financial resources. and insurance services last year.
The volume of cash dollar investments in deposits in US banks and US government bonds currently stands at $12.6 trillion. Oreshkin noted that this is money the United States has been receiving free of charge from the rest of the world for years.
In his view, these are goods and services that the United States has consumed for many years and paid for with long-term obligations that do not generate income for the rest of the world. Oreshkin noted that these figures show very well how capital can be obtained and used, providing the platform for global growth.
Oreshkin added that the situation has now changed, and with BRICS countries increasingly dominating the global economy, the design of the global economic growth platform has ceased to be Western and is already owned by the BRICS countries.
Previously Oreshkin explainedHow has Russia managed to resist sanctions since 2014?
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Source: Gazeta
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