|Russia Insider Blog Slams Western Media|
|by Tom McGregor||Mon, Sep 22, 2014, 09:17 PM|
An English language news Website is striking back at the Western media bias against Russian President Vladimir Putin. The Russia Insider blog is fighting President Barry Obama Leftist cultural imperialism. Meanwhile, Russia Insider is emphasizing some of the strengths of Moscow, such as touting the government for creating a budget surplus.
Russia Insider reports that, "From January through till August 2014 the Russian Federal Government posted a 2% to GDP budget surplus. This means that Russia this year will post its highest budget surplus since 2007."
Despite 'Sector Sanctions' against Russia, the country continues to enjoy remarkable economic growth, while its domestic manufacturing and agriculture sectors have benefitted from a Trade War with the US and the rest of Europe.
According to Russia Insider, "From a "balance sheet" point of view, Russia has never been healthier after it revealed that Federal Government debt was 121 billion dollars, or around 6% of GDP. This compares very favourably to the around 100% debt to GDP of almost all Western nations, and even the 30% debt to GDP of China. On top of essentially no debt, Russia also has several sovereign wealth funds with over 200 billion dollars in assets and central bank reserves of 500 billion dollars."
Meanwhile, the 'Sector Sanctions' against Russia appeared to have caused more harm to the EU than Moscow.
To read the entire article from Russia Insider, link here:
|< Prev||Next >|