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Economist Yakov Mirkin Comments On the US Elections
November 10, 2016 23:22


Economist Yakov Mirkin said that the election of an eccentric billionaire gives Russia a chance "for the new liberal turn".

With President-businessman, says the expert, it is easier to negotiate as he thinks in the conclusion of transactions format. The basic idea of Trump - to focus on the development of the US economy, not to squander the forces around the world, trying to influence other countries. American foreign policy, according to Trump, is not subordinated to ideology of  "a world policeman", but to the interests of US economic growth, jobs and business. Therefore, if other countries want to ensure the security of the United States, they will have to pay for it is profitable for Washington deals, according to Mirkin.

Such course promises to freeze (though not to abolish) sanctions against Russia, reboot "Business", weaken powerful and ideological pressure on Russia, sign new commercial agreements.

At the same time, according to Mirkin, there are certain risks for Russia in the economic program of Trump. In the case of a quick "heating" of the US economy, strong price fluctuations may occur on world markets, Federal Fund rate will increase, which will lead to the strengthening of the dollar, as global commodity prices will go down. In addition, the idea of Trump on US energy independence intensifies the already severe threat to the Russian budget revenues. Global oil and gas prices will go down even more rapidly.

Anyway, although the US president's role is considerable, there is still the Congress, the Senate and the most important - the law. Therefore, in spite of all his extravagance, Trump is unlikely to deploy American policy by 180 degrees. The main directions will remain unchanged.



Author: Anna Dorozhkina


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