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

India, UK Cement Strategic Ties

Oliver Robbins met Vikram Misri in New Delhi for UK–India talks reviewing their strategic partnership….reports Asian Lite News Oliver Robbins, Permanent Under-Secretary at the UK’s Foreign, Commonwealth & Development Office (FCDO), met

India, Malaysia Stand Together on Terror

The Speaker reaffirmed Malaysia’s commitment to peace and thanked the Indian delegation for the briefing on India’s approach to dealing with terrorism at large…reports Asian Lite News An all-party Indian delegation met

Don’t Let Bailout Back Terror, Tharoor Warns IMF

Tharoor expressed his displeasure at the International Monetary Fund for enabling Pakistan thus as they divert those funds to arm themselves to attack India….reports Asian Lite News All-Party Delegation leader and Congress

India Doubles Down on BRICS at Brazil Talks

The BRICS Communications Ministers met in Brasilia under the Chair of Brazil on June 2, and conducted discussions on universal and meaningful connectivity…reports Asian Lite News India reiterated its commitment to enduring
Go toTop

Don't Miss

Strategic diplomacy elevates India’s global status

Narendra Modi is the first PM to articulate India’s great

Talks have opened up new possibilities with US, says Jaishankar

Referring to Quad, India’s external affairs minister emphasised that it