June 12, 2022
1 min read

Duma speaker alludes to ‘new G8’ which includes India

While having serious economic difficulties, the US, according to the Duma speaker, continues “doing everything to solve their problems at the expense of others”….reports Asian Lite News

The US “with its own hands” pushed the countries, which are not participating in “sanctions wars”, to form a “new Big Eight” group with Russia, the Russian State Duma speaker Vyacheslav Volodin said on Saturday.

In a Telegram post, Volodin included a table with IMF data on GDP based on purchasing power parity of countries he calls the “new G8” and of countries forming the current G7 (after Russia’s participation in the bloc was suspended over Crimea’s vote to join the country in 2014, the G8 effectively turned into the G7), RT reported.

“The group of eight countries not participating in the sanctions wars — China, India, Russia, Indonesia, Brazil, Mexico, Iran, Turkey — in terms of GDP at PPP is 24.4 per cent ahead of the old group,” Volodin wrote.

In his opinion, the economies of the G7 members — the US, Japan, Germany, Britain, France, Italy and Canada — continue “to crack under the weight of sanctions imposed against Russia”.

Following the launch of Russia’s military offensive in Ukraine in late February, the US, EU, UK and many other countries imposed hard-hitting restrictions on Moscow, making Russia the most sanctioned country in the world.

“The rupture of existing economic relations by Washington and its allies has led to the formation of new points of growth in the world,” Volodin claimed.

While having serious economic difficulties, the US, according to the Duma speaker, continues “doing everything to solve their problems at the expense of others”.

Creating tensions will “inevitably” lead the US to lose its world domination, Volodin stressed.

“The US created the conditions with its own hands for countries wishing to build an equal dialogue and mutually beneficial relations to actually form a ‘new Big Eight’ together with Russia,” he said.

ALSO READ: Russia rejects return to G8

Previous Story

KSrelief launches campaign to combat blindness in Niger

Next Story

Zelensky asks EU for 7th sanctions package against Russia

Latest from India News

Jaishankar Pays Tribute to Kanishka Victims

Jaishankar emphasised that the anniversary of the attack is a “stark reminder of why the world must show zero tolerance towards terrorism and violent extremism.”….reports Asian Lite News On the 40th anniversary

Residential Market Sees Revival

Sales jump 77% from FY19 to FY25 as luxury housing, office leasing, logistics, and tech-led investments drive real estate recovery. India’s residential real estate market has witnessed a dramatic revival in the

India’s Digital Decade Rise

Arundhati Bhattacharya, President and CEO at Salesforce-South Asia and recipient of the Padma Shri, sat down with IANS at an event in the capital to reflect on India’s transformation into a digital

India Targets Terror at SCO Meet

In addition to addressing the plenary, Singh will hold bilateral meetings with his counterparts from several participating nations, including China and Russia….reports Asian Lite News In a renewed diplomatic offensive against Pakistan-sponsored

Middle East Shutdown Disrupts Kerala Flights

With the Israel-Iran ceasefire easing tensions, airlines have begun rescheduling flights, bringing relief to stranded travellers….reports Asian Lite News A sudden closure of airspace over parts of the Middle East late Monday
Go toTop

Don't Miss

‘Free press strengthens democracy’: US On BBC raids

US spokesperson has cleared that they are not in a

Indian chillies spice up China’s kitchens with bowl of rice

The chunk of chilly production in China is concentrated in