Putin: Western sanctions imposed on Russia are provoking a global crisis

Russian President Vladimir Putin said: Western sanctions imposed on our country are provoking a global economic crisis, stressing that Russia is successfully dealing with Western sanctions imposed on it.

Putin added during a government meeting held today on economic issues: The blame for the global consequences of the sanctions imposed on Russia, including the possible famine in a number of countries of the world, lies with Western countries willing to sacrifice the rest of the world for hegemony.

Putin drew attention to the fact that a number of countries are already facing the threat of starvation, indicating that if sanctions against Russia continue, difficult consequences may appear in the European Union, saying: Western sanctions against Russia have damaged the economies of the countries that imposed them and provoked a global crisis.

Putin pointed out that Western sanctions are provoking a global crisis to a large extent, indicating that the countries that imposed them, guided by short-sighted political ambitions and Russia-phobia, have greatly harmed their national interests, economies and the well-being of their citizens.

The Russian President expressed his belief that the continuation of the policy of “sanctions obsession” towards Russia will lead to difficult and complex consequences for the citizens of the European Union and the poorest countries in the world.

In a related context, Putin indicated that inflation slowed gradually in Russia last month, as its pace decreased several times compared to last March, and the weekly increase in prices decreased, explaining that the Russian budget for the period from January to April of this year witnessed a surplus of 2.7 trillion rubles, about 41 billion dollars. He also noted that the ruble this year shows the best dynamics among all currencies of the world.

Putin said: With the surplus of Russia’s foreign trade balance hitting a record level, the exchange rate of the national currency is strengthening and it is possible this year that the ruble exchange rate will show the best dynamics among all currencies of the world.

NR