Putin warns of major current political and economic challenges

Putin warns of major current political and economic challenges

In his speech this Friday in the plenary session of the meeting, where he was joined on stage by his Kazakh counterpart Kasym-Zhomart Tokáyev, the President drew attention to the recent problems affecting the world related to the Covid-19 pandemic .

He pointed to the impact of the economic crisis affecting investment, international logistics mechanisms and global confidence in Western currencies, as well as the energy and food problems the world is suffering from.

He pointed out that at the end of the Cold War (1947-1991), the United States saw itself as God’s ambassadors on earth, with no responsibilities and the right to institute a system of new rules based on its own interests.

Washington and its Western allies, the head of state said, viewed the rest of the countries as second-rate and therefore sanctioned outliers, as they had previously done with Yugoslavia, Libya and Syria.

The head of state said that Western elites think in terms of the last century and treat the rest of the nations as colonies. He pointed out that Western leaders live in illusions, clinging to the shadows of the past and denying the changing reality.

“It is a mistake to believe that the turbulent times will pass and everything will return to normal: nothing will be the same again,” he emphasized.

However, he stressed that the era of the unipolar world order is over, despite all attempts to preserve it by any means necessary. “The world based on the unipolar dogma is unstable,” he said.

According to Putin, the gloomy forecasts for the Russian economy have not come true, stressing that the anti-Russian sanctions, the scope and magnitude of which are unprecedented, are pointless and thoughtless.

“Russia can rise to any challenge, as its thousand-year history shows,” he said.

He explained that the country has suppressed the wave of inflation and assured that inflation will continue to fall. However, he conceded that the current level of inflation is still high, but the authorities are taking steps to reduce it.

mgt/mml