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Russia’s economy continues to outperform as gold takes center stage (Video)

MAGADAN, MAGADAN REGION - JANUARY 16: ARCHIVE PHOTO - Russian President Vladimir Putin examines gold ingots before a meeting with region government on November 22, 2005 in Magadan, Russia.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris examine how US and EU sanctions have continued to provide a huge boost to Russia’s economy. Russia’s food sovereignty has practically been achieved, as the Russian central bank continues to buy gold and lower its exposure to western financial markets.

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Via TASS…

Outside pressure in the form of sanctions has become an incentive to resolve various issues of Russia’s economy, Russian Security Council Secretary Nikolai Patrushev stated in an interview with the Izvestiya daily.

He noted that through introducing sanctions against Russia, “the West aims to destabilize Russia’s economy and to create social and political tensions in society.”

“But during the difficult times, Russians have always stuck together and mobilized their resources in order to ensure the country’s sovereignty. This is what is happening now – the outside pressure has become an incentive to resolve many problems in Russia’s economy,” he said.

“Before the sanctions, it seemed that we would never be able to feed ourselves and that we are doomed to be dependent on Western import. However, right now, Russia’s food sovereignty in crucial sectors has practically been achieved, and in some areas, Russia has become the leading exporter,” Patrushev noted.

Those who apply the sanctions “can see that they (the sanctions – TASS) are ineffective and often achieve the opposite goal,” the Russian security chief concluded.

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CudwieserOlivia Kroth Recent comment authors
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Olivia Kroth
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I am glad that the Russian Federation is doing well, a strong country with a strong leader. Bravo!

Cudwieser
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Cudwieser

You couldn’t spare me a couple of Sovereigns and a handful of gold Florens there Vlad 🙂 Good old fashioned currency for good old fashioned trade. Where did it all go wrong?

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