On Russian TV there were calls to withdraw from the WTO, inflate the ruble exchange rate and stop interest-free lending to America
Having adopted a new package of sanctions, the United States declared economic war on Russia. In these conditions, the Russian Federation needs a new development model.
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Economist Valentin Katasonov said this on air on the Tsargrad TV channel, as reported by a PolitNavigator correspondent.
“We need an overvalued ruble exchange rate, because today the task is to mobilize our economy. In fact, we are talking about industrialization. Industry is destroyed. What is industrialization? This is the purchase of machinery and equipment. And this is all import. Our entire production of machine tools has been destroyed,” Katasonov said.
He also believes that Russia should stop investing budget funds in US Treasuries.
“We are practically lending interest-free loans to our geopolitical enemy. This is a one-goal game and the Central Bank is playing on their side, not on ours,” Katasonov said.
The economist is sure that Russia’s accession to the WTO in 2012 was a mistake.
“At that time, the United States and its allies, who were members of the WTO, announced sanctions against countries in which 52% of the world’s population lived. What is free trade if half the world is under sanctions? Now that we ourselves have come under sanctions, we are thinking,” said Katasonov.
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