Russia Monitoring US Economy Amid Possible Default, Says Official

Russia is intimately monitoring the U.S. system amid discussions of the U.S. authorities defaulting connected its indebtedness obligations. Treasury Secretary Janet Yellen said the Treasury volition beryllium incapable to wage the government’s bills if Congress does not enactment by June 1.

Russia Monitoring US Economy successful Case of Debt Default

Russia is intimately monitoring the authorities of the U.S. system arsenic discussions of imaginable indebtedness default intensify, Kremlin Spokesman Dmitry Peskov told reporters connected Tuesday.

“We spot that the U.S. economy, conscionable arsenic the planetary economy, is presently experiencing definite problems,” Peskov was quoted by Russian quality outlet Tass arsenic saying. “Inflation expectations proceed staying astatine a alternatively precocious level,” helium stressed, adding:

Certainly, we are keeping a adjacent oculus connected each that. All our fiscal agencies.

The United States is presently facing a indebtedness ceiling crisis. Treasury Secretary Janet Yellen warned connected Monday that the Treasury Department volition not beryllium capable to wage each of the government’s indebtedness obligations by June 1 if Congress does not rise oregon suspend the indebtedness ceiling.

Noting that this is not the archetypal clip superior problems person emerged successful the U.S. economy, the Kremlin spokesperson described:

This occurs successful the United States connected an incredibly regular ground … They recovered solutions up to now. We volition instrumentality a adjacent look this clip also.

Since 1960, Congress has acted 78 abstracted times to permanently raise, temporarily extend, oregon revise the explanation of the indebtedness limit, according to the U.S. Treasury Department’s website.

In summation to monitoring the U.S. economical situation, Russia is besides ramping up its de-dollarization efforts aft the U.S. seized astir $300 cardinal successful the Russian cardinal slope assets frozen by sanctions.

Russian President Vladimir Putin said past week that U.S. policies volition backfire arsenic Russia expands relations with affable countries successful Eurasia, Africa, and Latin America. Russia is besides discussing creating a communal BRICS currency with subordinate countries. The BRICS nations comprise Brazil, Russia, India, China, and South Africa. The president of the State Duma Committee connected the Financial Market said past week that an agreement connected the BRICS currency tin beryllium reached successful 2023.

What bash you deliberation astir Russia monitoring the U.S. system for imaginable indebtedness default? Let america cognize successful the comments conception below.

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