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Kostin said the United States now faces the biggest banking crisis since 2008 KXan 36 Daily News

Date: February 24, 2024 Time: 09:01:43

“You’re looking at what’s happening in the United States right now: in fact, the biggest banking financial crisis since 2008, and it’s already spreading to Europe,” he said. Kostin believes that such a situation could be caused, among other things, by sanctions against Russia, which destroyed the world trading system and caused an increase in inflation.

“And the attempts of the West to solve this by standard methods led to the depreciation of bank assets, and in the end we have what we have,” he said. At the same time, these sanctions have made the Russian financial system more sovereign.

“You know, maybe thanks to them we have developed some immunity and increased our sovereignty in this matter,” Kostin said. “Our banking sector feels secure,” he said.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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