Putin: Inflation in some European countries has reached imaginary rates, while the Eurasian Union has succeeded in controlling it

Bishkek (ST):  Russian President Vladimir Putin confirmed that the world is facing new severe challenges today, in conjunction with strong geopolitical shifts, as inflation in some European countries has reached imaginary rates, while the Eurasian Union has succeeded in controlling the inflation rate well.

Putin said in a speech before the Eurasian Economic Union summit in the Kyrgyz capital, Bishkek: The features of a multipolar world system are now being born effectively in Asia, Africa and Latin America, where new centers of development are being formed that increasingly defend their national interests and protect their sovereignty, noting that the meeting of the  Eurasian Economic Union is very timely and important.

Putin stressed that joint work within the framework of the Shanghai Cooperation Organization and the Commonwealth of Independent States makes it possible on the basis of mutual respect and consideration of each other’s interests to successfully solve a wide range of issues, primarily related to protection from external threats and ensuring global and regional stability.

Putin pointed out the need to form systems in the Eurasian Union for trading in national currencies after he worked effectively and took the necessary measures to confront the turmoil in the markets.

The Russian President said: The prices of energy resources are accelerating dramatically in Europe, and this difference in gas prices between the Eurasian Union countries and the European Union, which has reached 10 times or more, creates appropriate conditions for the economic development of the Eurasian Union member states.

K.Q.