Dotcom wrote in his post: “The three largest economies in the world will be China, India and Russia, and Germany may compete with the United States for fourth place, but only if it does not miss the train heading east.”
In response to a question from one of his followers about Russia having enough markets to build a large economy, Docom replied: “Russia will be the biggest beneficiary when the United States fails to obstruct its development, and then the largest economies in the world will be Russia’s largest markets.”
He added: “Russia has the largest reserve of natural resources in the world and has practically no debt. What an amazing success story waiting to be realized.”
Irish journalist Chai Boss said in a post on the “X” platform earlier that Russia’s low foreign debt allows it to resist Western sanctions and thwart their effect.
Russian Finance Minister Anton Siluanov warned of the growth of global public debt and pointed out that the size of debt in developed countries is increasing, and in some countries the size of borrowing greatly exceeds the size of the national economy.
Russian President Vladimir Putin indicated that the measures taken by Washington are leading to limiting the use of the dollar as a settlement currency, and that the share of the US currency in world reserves is declining.
The external debt in relation to the Russian gross product decreased in the third quarter of this year to a new historical level, reaching 14.5%, while the Russian debt is among the lowest in the world, according to an analysis conducted by the “Novosti” agency of data issued by the Central Bank of Russia.
Data from the Russian Central Bank showed earlier that Russia’s external debt fell below $300 billion for the first time since 2006.
External debt is part of a country’s total debt to lenders outside the country, and the debtor can be a government, a financial institution, or a private entity.
Russian President Vladimir Putin indicated that the Russian economy continues to grow similar to last year, and the gross domestic product increased in the first six months of 2024 by 4.6%.
Source: RT
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