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In a fiery speech at the Eurasian Economic Forum, Russian President Vladimir Putin accused the West of committing "daylight robbery" by planning to seize frozen Russian gold and foreign exchange reserves. Putin warned that such a move would mark an irreversible shift away from Western financial institutions, hinting at the regionalization of payment systems as the future. This comes amid rising global tensions and Russia’s increasing economic isolation following its invasion of Ukraine.

Stay tuned as we break down Putin's explosive remarks and what this means for global finance, diplomacy, and the future of East-West relations.

#Putin #RussiaVsWest #RussianAssets #Geopolitics #EconomicWar #GoldReserves #UkraineWar #EurasianEconomicForum #WesternSanctions #GlobalFinance #WorldNews #OneindiaNews

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00:00Without doubt, regional financial institutions become more global, going from local to global.
00:06The Eurasian Economic Union is now, rightly, one of the global centers of economic development.
00:12As we all know, it's not a secret from anyone. A massive part of our gold and currency reserves
00:23are frozen in Western banks, and now they're saying that they're going to steal our money.
00:28It's not just stealing our money, it's plundering our money, it's robbery, it's daylight robbery.
00:39Without doubt, regional financial institutions that are emerging right now, they will be multiplying,
00:48and they will become more global, going from local to global.
00:55Also, as we all know, it's not a secret from anyone. A massive part of our gold and currency reserves are frozen in Western banks,
01:10and now they're saying that they're going to steal our money.
01:15As soon as that happens, the movement towards regionalization of payment systems is going to hasten,
01:25And without doubt, it would become irreversible.
01:30And that, in general, would be a good thing for the global economy.
01:34So maybe it's a price worth paying for something like that.
01:41Now, I would say that it's not just stealing our money, it's plundering our money.
01:56It's robbery, it's daylight robbery, because they're not even concealing it.
02:02Now, this Eurasian Economic Union recently has marked its 10-year anniversary.
02:08It's become stronger as an integration organization.
02:11It's economic potential has become much greater.
02:17And the Eurasian Economic Union is now, rightly, one of the global centers of economic development.
02:24And let me reiterate that the global GDP of our countries went from $1.6 trillion to $2.6 trillion.
02:37And our trade with other countries rose by 38% and is now $800 billion,
02:45which is quite comparable to the leading economic powers of the world.
02:55This is massive, $800 billion.
02:58And the mutual trade within the Eurasian Economic Union rose to $97 billion.
03:08And 97% of all operations are done in national currencies.
03:14Now, industrial production has increased a lot.
03:21Agriculture has risen by 26%.
03:25By 40 times, we have seen the rise of investment in capital, primary capital.
03:32Now, what does that mean?
03:34It means that in the medium term, at least, growth is already in place, it's guaranteed.
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