Greece’s discontent with the EU over an anti-Russian statement may give new momentum to other European countries, and make it easier for them to have courage to say “no” to Brussels dictate, foreign affairs analyst Srdja Trifkovic told RT.
Russian Prime Minister Dmitry Medvedev has signed a one-year anti-crisis plan designed to stabilize the economy. The document includes 60 measures and will cost at least $35 billion (2.3 trillion rubles).
The downgrade of Russia’s credit rating by S&P is unreasonable, as the agency didn’t consider the country’s anti-crisis plan, and the strong economy with its large reserves and extremely low public debt, said Russian Finance Minister Anton Siluanov.
The Russian economy is suffering from certain economic problems such as low oil prices and sanctions, but they are not chronic, just more like a virus that’s quick to cure, Andrey Kostin, head of Russia’s second biggest bank VTB told RT.
Sanctions are an ineffective instrument that hurt economies and ordinary people. What the West and Russia really need is to maintain cooperation and be open for a new way of dialogue, experts told RT at the forum in Davos.
It’s doubtful the Davos forum will address unemployment as the participants are more concerned with what model of car they should buy than care about people who work for living, says Curtis Ellis Executive Director of the American Jobs Alliance.
There is no chance of a default on a state level in Russia, Russian Deputy Prime Minister Arkady Dvorkovich told RT at World Economic Forum in Switzerland, adding that the government will fulfill its obligations.
The Davos forum participants are mostly oil importing countries and aren’t interested in interfering with OPEC’s policy, since they receive billions in benefits from falling oil prices, ex-Russian finance minister Aleksey Kudrin told RT.
The Davos meeting is not looking for world crisis solutions but plotting more controls, ‘banksterism’ and power elite benefits, says economic journalist Lew Rockwell. They are going to tax and rip off their own people to even greater extent, he added.