Clock ticking on US financial hegemony – senior Russian MP ...News

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Clock ticking on US financial hegemony – senior Russian MP
America will cease to exist as a global economic powerhouse in ten years, Anatoly Aksakov believes Mounting debt and a reliance on sanctions have jeopardized US credibility as an economic partner and may soon shatter its image as a global financial power, Anatoly Aksakov, the head of the Duma’s Financial Market Committee, told the Izvestia news outlet at the St. Petersburg International Economic Forum (SPIEF) on Thursday. According to the senior lawmaker, the US share in global trade turnover is rapidly dropping, a trend likely to continue in the coming years. “We see that the US share in world trade has shrunk to

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