Current Events

US sanctions led to the creation of a Rival to Sanctions-Crazy G7

EUROPE RENAISSANCE NEWSDESK stories censored by mainstream media. Your donations keep the truth published. PLEASE HELP US. It is easier than you think. Details contact Michael Walsh euroman_uk@yahoo.co.uk

State Duma (Russian Parliament) Chairman Vyacheslav Volodin said that the economies of the United States, Japan, Germany, Britain, France, Italy, and Canada continue to crack under load due to sanctions against Russia. 

President Joe Biden and G7 Leaders’ meet for a family photo at NATO Headquarters in Brussels, Belgium, Thursday, March 24, 2022. ( Photo by Doug Mills/The New York Times)

For example, in the first quarter, the US economy recorded a 1.5% decline in the economy, while inflation reached 8.6%, which is the maximum since the end of 1981, Volodin pointed out. 

According to him, the US promoted sanctions and led to the creation of a new Big Eight (G8) – Russia, China, India, Indonesia, Brazil, Turkey, Mexico and Iran. These countries do not impose sanctions against Moscow, he noted.

Volodin referred to data from the International Monetary Fund (IMF) and noted that the new G8 is well ahead of the old one in terms of GDP at purchasing power parity (PPP) by almost 25%.

Sinking in economic terms, the United States continues to create tension in the world. They do everything to solve their problems at the expense of others. And this will inevitably lead to the loss of control in the world,’ Volodin wrote on his Telegram channel.

Russia has been a member of the G8 since 1997; in March 2014, Western countries stopped cooperation with Moscow in the organization due to the entry of Crimea into the Russian Federation. 

JUNE 12: NEWS STORIES REDUCED BY HALF DUE TO REDUCED FINANCIAL SUPPORT

keyboardcosmetics@gmail.com

During its membership in the G8, Russia once hosted the summit of the organization on its territory, the meeting took place in St. Petersburg in July 2006. The second meeting in the Russian Federation was supposed to take place in Sochi in June 2014, but due to the situation in Crimea, the G7 countries held it in Brussels. Source

HELP US TO REACH OTHERS. FORWARD THIS STORY TO 3 FRIENDS

Donate: It is the generosity of our supporters and members that makes our vital work possible. As the storm clouds of crisis and the pain of injustice and persecution loom over our people, the potential and importance of our work grows day-by-day. There is no George Soros figure out there for nationalists, so we can only do what good people like you help us to do. Thank you for your faith and your generous commitment: contact Michael Walsh euroman_uk@yahoo.co.uk

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s