Policies enacted by the US and EU have discredited the Western banking system and currencies, according to the Russian president The West is discrediting its own currencies and banking system, Russian President Vladimir Putin said in his annual address to the Federal Assembly on Thursday, adding that the established monopolies and stereotypes in the global economy are crumbling. “The West itself is discrediting its own currencies and banking system. They’re sawing off a branch they’ve been sitting on for decades,” Putin said. Meanwhile, Russia together with so-called ‘friendly’ nations will focus on creating new
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