“The logic is clear, but that, of course, implies a significant loss of sovereignty“, Putin responded to a question about the announced dollarization of the Argentine economy in his big end-of-year press conference.
The head of the Kremlin mentioned the high inflation which is now “143%” and insisted that the Government’s decision is part of the “sovereign right of each country.”
However, he insisted that there is a “strict link between the national currency and the dollar threatens serious socioeconomic consequences.”
Putin said that Russia has only benefited from the increase in transaction volume in rubles in international payments, while Western countries that decided to impose sanctions on Moscowcausing it to reduce its transactions in dollars and euros, “they shot themselves in the foot.”
Earlier this week, the Kremlin assured that Russia is interested in developing relations with Argentina and will focus on the “common interests” in interaction with the Milei Government.
Argentina’s relationship with another great: China
For its part, mao assured that China “attaches great importance to the development of ties with Argentina” from “a long-term strategic perspective” and that bilateral relations have recently shown “good development momentum.” And he added: “The ties between China and Argentina have become a consensus in both societies.
Likewise, he assured that he was “not aware” of the president-elect’s plans to paralyze Argentina’s entry into the group. BRICSpossibility that Milei advanced during his candidacy.
Beijing and Buenos Aires They have maintained good relations in recent years: Argentina joined the New Silk Roads last year, China’s main international economic initiative to consolidate its influence through infrastructure, although it remains to be seen if it will continue to be part of it. with the Government resulting from the recent elections.
For its part, China It has investments in Argentina in strategic areas such as infrastructure and mining, in addition to a “swap” agreement through which the country pays for exports in yuan and not in dollars.
Source: Ambito
