Browsing: Oleg Ozerov

  • Western banks have always been a part of financial deals, but all of these links have been broken
  • Opening a Russian bank in Africa would “significantly make it easier for countries to settle their debts with each other.”
  • Western restrictions on Russia have made the food shortages and even possible famines situation worse

Food shortages and even famines in the developing world, especially in Africa, are possible outcomes of the sanctions that the US and EU are using against Russia.

These sanctions are aimed at Russia’s exports of food and fertiliser and the ongoing military crisis in Ukraine has made it hard for that country to sell its grains abroad.

And now, it is possible that Africa and Russia will have a new way of doing business if proposals to have a new Russian bank for Africa are implemented. This came to the fore after Rossiya Segodnya, which owns …