Vladimir Putin blasts the West in combative speech, says Russia remains strong despite ‘insane’ sanctions

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In one of Vladimir Putin’s mostsubstantial addresses since Russia invasion of Ukraine in February, the Russian President used his nation’s pre-eminent investment conference as an opportunity to lashout against his Western enemies.

After a lengthy denunciation of countries that claimwantto weaken the Russian state with “reckless and insane” sanctions, President Putin used the stage at the StPetersburg International Economic Forumto lambastethe United States.

“[The United States] declared victory in the Cold War and later came to think of themselves as God’s own messengers on planet Earth, “he said.

In his 73-minute speech, he also said Russia was taking its place in a New World Order in whichrules would be set by “strong and sovereign states”.

After sending troops into Ukraine in February, Russia came under a wide array of international sanctions, with hundreds of foreign companies also suspending operations or pulling out of the country as a whole.

But Mr Putin said these attempted damage to the Russian economy “did not work”.

“Russian enterprises and government authorities worked in a composed and professional manner,” he said.

“We’re normalizing the economic situation. We stabilized the financial markets, the banking system, the trade system.”

While Russia projected inflation rate has fallen marginally, Mr Putin conceded thatthe current projected annual rate of 16.7 per centis still too high.

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Sources

1/ https://Google.com/

2/ https://www.abc.net.au/news/2022-06-18/vladimir-putin-says-sanctions-wont-impact-russia/101164362

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