Andrey Petrov exclusively to Vestnik Kavkaza
The US Congress cannot find a solution to the budget problem, resulting in a daily economic loss of $300 million. Vestnik Kavkaza interviewed Sergey Oznobishchev, Director of the Institute for Strategic Studies, on tension over the situation in the U.S. and its influence on the world economy.
Oznobishchev reminded that in 2008 the world financial crisis started from the U.S., and no economy in the world avoided its consequences: “It boosts our mistrust toward American economy. All statements that we have learnt how to control the world economic processes and prevent crises appear to be empty dreams of economists,” the expert noted.
“For various countries the developments in America can have different consequences. Russian economists hope that it won’t influence Russian economy. But a lot of Russian funds were stored in US securities,” Oznabishchev stated. He believes that international dependence of the world on US dollar may save the US from another crisis.
“The US Congress does not want to let the government print more dollars. It is difficult to say how long it will last. It is a thankless job to make forecasts in politics and economy. I think the situation will not change in the next couple of weeks. The point is in policy, not economy,” expert explains.
Oznobishchev said that Congress could raise the limit of the governmental debt the way it had been done a year ago and it would not make a difference.
The official sees no connection between the budget problem and President Barack Obama's threats to start a war in Syria. The agreements made by Russian Foreign Minister Sergey Lavrov and US Secretary of State John Kerry prevented the war.
