The Duran Podcast Russian economy, BRICS future
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Jul 6, 2025 Explore the complexities of the Russian economy, highlighting recent central bank policies aimed at inflation control. Discover how Russia views the freezing of its assets as an act of robbery by the West and the potential repercussions of this clash. The discussion also unveils Russia's shift toward new payment systems and offers an optimistic perspective on its economic future amid external pressures.
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Russia's Inflation Control Strategy
- Russia's central bank aggressively raised interest rates to control inflation following a rapid economic growth spurt in 2023.
- This approach slowed the economy as intended, reducing inflation and setting the stage for lower rates and renewed growth.
Russia and Frozen Asset Seizure
- Russia views the seizure of its frozen assets by the West as blatant robbery rather than covert theft.
- This loss is seen as a sacrifice to end dependence on Western financial sanctions and build independent payment systems within BRICS.
BRICS Payment Systems Led by Russia
- Russian universities led the development of new BRICS payment systems with China and Brazil.
- This independence from Western credit ratings and investment flows empowers Russia to prioritize its own economic growth decisions.