“I am deeply convinced that sooner or later a very serious economic crisis will happen in America. The level of debt that exists in America today exceeds all conceivable and unimaginable limits. And only the monopoly of the dollar on the world stage allows Americans to maintain such a level of debt. If only the Chinese and Arabs suddenly withdrew all the money from the United States, the financial sector and the budget would face a complete collapse,” Kostin said in an interview with the Fontanka publication.
In his opinion, the world is now characterized by instability.
“If the West does not reconsider its policy, I think the process of dismantling the colonial system will only accelerate,” Kostin added.
The head of VTB noted that China, in particular, is already beginning to reduce investments in American securities.
“The PRC is certainly no less viewed by America as a rival than Russia. Even I would say an enemy,” he concluded.