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

Top Russian Lawmaker in India for Talks

As part of his visit, Volodin is scheduled to meet with Indian leadership and visit both houses of the Indian Parliament…reports Asian Lite News Russian lawmaker Vyacheslav Volodin arrived in India on

Prince Edward in India for three-day visit 

During his visit Prince Edward is scheduled to travel to Mumbai and Delhi to promote The Duke of Edinburgh’s International Award  The Duke of Edinburgh, Prince Edward, arrived in India on Sunday

Maha Kumbh’s Global Spotlight

The delegation expressed gratitude to the Central and Uttar Pradesh governments and described reaching this holy place as a unique experience…reports Asian Lite News At the Maha Kumbh Mela on Saturday, a

Major Boost for MSMEs and Startups

To enhance their growth potential, the government has proposed increasing investment and turnover limits for MSME classification by 2.5 times and 2 times, respectively. Finance Minister Nirmala Sitharaman has unveiled significant measures
Go toTop

Don't Miss

Saudi daily lauds ‘Make in India’ initiative

India has pushed itself towards self-reliance and making steady growth

An honour to meet PM Modi: Indian diaspora in Egypt

The members of the diaspora, who had gathered in numbers