Roundup: Putin accuses West of making mistakes at economic forum in Petersburg


planned tribe. PETERSBURG (dpa-AFX) – Kremlin boss Vladimir Putin sees the commodity superpower on the road to success despite unprecedented Western sanctions against Russia. The 1920s were a time of “consolidation of Russia’s economic sovereignty,” Putin wrote in a welcoming address to participants at the 25th St. Petersburg International Economic Forum. This Friday, the Russian President wants to explain how things should continue in Ukraine after the Western sanctions because of the Russian war of aggression.

“The anniversary meeting takes place at a difficult time for the world community,” Putin said. West blames the 69-year-old for multiple ailments and high energy and food prices.

The Kremlin chief rejected it: “Years of Western economic policy mistakes and inadequate sanctions have led to a global wave of inflation, the destruction of usual supply and production chains and a sharp increase in poverty and food losses.”

Putin has repeatedly made it clear that Russia will not be affected by EU and US sanctions. At the same time, he said the situation offers new perspectives. Delegates from over 100 countries are expected to come to St. Petersburg under the motto “New World – New Opportunities”. In view of the massive tensions with the West, Russia is increasingly turning economically to Asia, above all to China and India, but also to Africa and South America.

Russia, for example, is increasingly supplying its oil and gas from the European Union to other regions of the world. Due to the high oil and gas prices on the world market, the country is currently generating particularly high income. The national currency has also since recovered significantly, having depreciated against the dollar and the euro at the start of the war almost four months ago. The ruble has been strong for years.

Many Western companies, including German companies, had left Russia due to sanctions. Putin explained that other companies are filling the gap. After the exit of the American chain McDonald’s (McDonald’s), new burger restaurants were opened in the branches under the name Wkusno i Totschka – German: tasty and to the point. In Moscow there have been queues in front of bars for days.

The organizers of the economic forum speak of participants from 115 countries this year. The record year 2020 had 19,000 participants from 145 countries. This time many participants were not named. Entrepreneurs have the opportunity this year to participate anonymously on the platform so as not to be punished under the West’s prohibition policy. According to the media, participants from France, Italy, Canada and the USA are also registered.

This year’s guests of honor include President Kasim-Jomart Tokayev of the authoritarian former Soviet Republic of Kazakhstan, the Afghan Taliban and separatist leaders from the People’s Republics of Luhansk and Donetsk, who are recognized by Russia and persecuted as terrorists by Ukraine. Previously. Egyptian President Abdel Fattah el-Sisi is said to be connected via video. Putin will also meet with Russian media representatives, including war journalists./mau/DP/mis



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