MOSCOW, June 11. /TASS/. The United States and its allies are destroying economic ties by their sanctions policy, creating new points of growth in other countries, Russian State Duma (the lower house of parliament) Speaker Vyacheslav Volodin wrote on Telegram on Saturday.

"The move by Washington and its allies to cut the existing economic ties has created new points of growth in the world," he pointed out. According to the parliament speaker, Western sanctions are leading to the establishment of another group of eight nations - China, India, Russia, Indonesia, Brazil, Mexico, Iran and Turkey - that is 24.4% ahead of the old group of developed countries in terms of GDP and purchasing power parity.

"The United States, with its own hands, has created conditions for countries willing to build an equal dialogue and mutually beneficial relations to actually establish a new G8 group with Russia," Volodin noted.