Dr Matthew Raphael Johnson joinsSven Longshanks to discuss the positive effect that US sanctions are having on the Russian economy, so much so that Russia is now offering to bail Turkey out by doing bi-lateral trades with Ankara.
Russia’s trade with China has grown massively this year thanks to US sanctions, consistently increasing each year by up to 25% and will pass the $100-Billion mark this year, with the goal of reaching $200-Billion annually.
All this growth has caused the ruble-traded MOEX index to reach an all time high this week, strengthening to 67.7 against the dollar and 79.1 against the Euro.
Russia is now in a position where it can offer to trade with Turkey, while Turkey itself has announced a boycott on all American electrical goods forcing the Turks themselves to start making their own.
The US sanctions were intended to bring Russia and Turkey to heel, but all they have done is strengthened their position. The Nationalist policies of both countries are what America hopes to crush, as it sees other countries doing well for themselves meaning that America is not doing well in those areas, but short of actually going to war there really isn’t much that can be done about it.
America does not have the military might to go to war any more anyway, so all it can do is issue more sanctions which at this rate, will end up bankrupting America before anywhere else.
Presented by Sven Longshanks and Matt Johnson
The Daily Nationalist: Russia’s Booming Economy – DN 092018
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