Egyptian economic analyst Hanan Ramses talked about Russia’s ability, for the first time since 2014, to return to the list of the ten largest economies in the world.
And she explained in statements to RT that Russia returned for the first time to the list of the ten largest economies in the world by the end of 2022, despite the conditions of war that exhaust the energies of the richest country and its greatest capacity, which is the Russian-Ukrainian war, which had it not been for the intransigence of the West and its desire to escalate economic and political ambitions, it would not have continued until now and would have been To end days after its start.
And she continued: “Russia has returned despite the package of sanctions, which the United States of America has mastered in imposing on Russia and putting what harms it in its competition in that package and excluding what serves its economy from this package, but Russia, because of its interest in developing its internal capacity and achieving self-sufficiency in many items The most important of which are food and energy, which are the most important items on which inflation rates are measured, and which Russia succeeded in reducing and sought to increase internal investment opportunities, and cooperation with many countries that share common interests and goals with Russia through cooperation with many countries in the Gulf region, Egypt and Algeria in the region Arabia, China, Iran and India in the East Asian region, and Brazil in South America, increasing the number of deals and inter- and global trade exchange, and cooperation in issuing a currency for dealing other than the dollar.
Ramses indicated that Russia produced goods and services worth $2.3 trillion, which allowed it to occupy the eighth position in that list, and despite the fact that it was a year of war, and a large sum of money was directed in this military operation, Russia was able to progress in stages from this arrangement, which we expect to improve in the period. In the future, based on economic cooperation and the opening of new markets and the strength of the local currency, and even its launch to the world as one of the best currencies for circulation and trade exchange between countries within the basket of currencies, to come stronger than the US dollar during the next five years and replace it as a complementary currency to the BRICS in trade, service and military agreements in the near period coming.
This article was originally published by RT.