Obama’s Lies About Russia Revealed

The Russian economy has been resilient to external pressure and has resumed growing, Prime Minister Dmitry Medvedev said. He has invited former US President Barack Obama to see for himself.

Medvedev recalled Obama’s 2015 words, when he said that the Russian economy was “isolated’ and “in tatters” because of the US-led Western sanctions.

“Let him come to look at this tatters,” Medvedev said in an interview with Rossiya 24 TV. “Last year, the Russian economy grew 1.5 percent. This year, industry grew 2 percent in the first quarter, so did the trade turnover. Agriculture has grown 2.5 percent. These are very good numbers.” 

He also pointed to a record low unemployment rate in Russia. “We have the lowest unemployment levels on track, just below 5 percent. This is an unprecedentedly low figure,” the prime minister said.

The US sanctions are just a way for dirty and unfair competition against Russia to be possible. “This is a disgrace. This is, in fact, a non-competitive struggle with Russian companies,” Medvedev said. Companies like aluminum major RUSAL are number one in the world in their sector, he added.

“Americans protect their market, this is called protectionism. They are fighting the Chinese, they are fighting the Europeans, and they are fighting us saying that the Russians are not behaving well,” Medvedev said.

Obama’s Anti-Russian Moves Cost America Real Money

The volume of trade between Russia and has been rapidly growing, with an already 30-percent increase in the first quarter of 2018. The sides aim to boost trade to $200 billion by 2020.

is Russia’s largest trading partner, accounting for 15 percent of Russian international trade last year.

In January, trade turnover grew to 17.2 percent. It is expected to exceed the $100-billion mark this year, according to the deputy chairman of China’s Ministry of Commerce. In 2017, bilateral trade amounted to $84.1 billion, up by 19 percent year-on-year, he said at a press conference on Friday.

A report of the General Administration of Customs of China showed that in January-March, Chinese exports to Russia grew by almost 24 percent, to $10.3 billion. Chinese imports of Russian goods increased by 32 percent, to more than $12 billion.

As trade grows, Russia and China are promoting settlements in ruble and yuan, bypassing the US dollar and other Western currencies. “It makes it possible to reduce the dependence on the influence of third countries,” the Russian Central Bank told RT.

According to the Russian regulator, both Russian and Chinese companies are willing to pay in ruble and renminbi, and this can be proven by real numbers. Last year, nine percent of payments for supplies from Russia to China were made in rubles; Russian companies paid 15 percent of Chinese imports in the renminbi. Just three years ago, the numbers were two and nine percent, respectively.

Russian President Vladimir Putin has called Sino-Russian trade growth “visible and sound.” While meeting with Chinese Prime Minister Li Keqiang in November, Putin said Moscow and Beijing have established a strong link “fully corresponding to the level of our strategic partnership.”