Russia’s offensive in Ukraine is not the cause of global inflation, Putin said

We all hear about an alleged putin inflation […] Our actions to liberate the Donbass have nothing to do with ithe said at the plenary session of St. Petersburg Economic Forum.

This is the result of systematic mistakes of the American administration and of the bureaucracy in Europe […] For them, our operation is a lifeline that allows them to put everything behind our backs.continued the president of Russia, criticizing the wrong economic policy of western countries.

They print, distribute money and rake all goods from third country markets for that money.he continued.

The United States and European countries are facing rapid inflation that has reached 11% over a year in the United Kingdom, especially with rising fuel prices. Russia is not to be outdone, with a price increase of 16.7% in a year.

Gas prices continued to rise on Friday, galvanized by Russian giant Gazprom which continues to reduce its deliveries to Europe in the context of Russia’s offensive in Ukraine and Western sanctions against Moscow.

Penalties mad and madaccording to Putin

In the same speech, he again denounced the punishments mad and mad imposed by the West on Russia, which believed that Europeans were suffering more than Moscow and that the Russian economy had reacted very well.

We suppressed the surge of inflation […] The economic situation has stabilized, the state finances are stableMr. Putin adopted, ensuring that in the first five months of the year, the federal State budget, carried by energy courses, is more than 1500 billion rubles.

” Our task today is to create the preliminary conditions for the industry to thrive, to support the demand in the domestic market. “

He also reiterated that his country and its army did not prevent Ukraine from exporting its cereals, ensuring that kyiv had many options and that we did not mine the Black Sea ports.

Ukraine mined its coast to protect itself from the landing of the Russian military, which invaded it on February 24th.

Commodity prices are dependent on an international agreement

For weeks the UN has been negotiating with Moscow, kyiv and Ankara, military guarantees on the use of the Black Sea for civilian ships, an agreement that would allow millions of tons of blocked Ukrainian cereals to leave the country. safely.

If an agreement is reached, it will lower food prices and alleviate fears of a global food crisis.

The situation in global food markets is deteriorating, but it’s not our faultinsisted Mr. Putin. We do not want people somewhere, in some countries to suffer from hungerhe assured.

The Russian president also said he was confident in the return to Russia of Western companies, especially European ones, that had fallen through the door because of Russia’s offensive in Ukraine.

I have no doubt that over time many of our partners from European countries will return to the Russian market. And we will not put obstacles in their way. We are open to the whole worldhe said.