Months ago this was news now is reality, Russia and Venezuela have lived up to their promises.Putin’s approval ratings have gone up to almost 65pc in rating and Russians appreciate his presence in office as he aims at starting an economic growth since Yeltsin period. His Administration plays a key part in sustaining the stability of Russia’s economy proving to them that he is shying away from the past economic policies that fostered creation of Oligarchies. His ambition for hunting for new alternative marketing channels for Russian goods has been accompanied with new trade deals that have shied away from Euro-centric style that Russia has been Adopting In the past years thus focusing on Asian countries like China. Venezuela on the other hand has been suffering from Inflation and a deteriorating currency while most think is a failed state. Venezuela used to be the Richest country in South America who country seats on riches such as gold, diamond and Gas. Trump’s sanctions have really hurt the economy of Venezuela. Both countries developments have shown that Putin and Maduro are not afraid of standing up to the West. President Nicolás Maduro aims at addressing the economic Turmoil that faces his country and he emphasizes that citizens will be able to pay for fuel, airline and tourism services with cryptocurrencies, including the petro. Likewise, the government previously also promised to accept petros for the payment of national taxes, fees and other public services. This is a milestone and with the developments of Russia and Venezuela I hope other countries will follow suit
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