Putin is pointing the finger back at West, Biden for causing the global inflationary crisis

Russian President Vladimir Putin on Thursday said Western leaders are to blame for inflation and food shortages around the world, blaming sanctions hitting his country since invading Ukraine.

After Putin launched his internationally condemned attack on the Eastern European nation in late February, the US, along with leaders of other NATO and allied nations, responded swiftly by imposing harsh sanctions on Russia’s business community and members of the country’s elite. NATO members have also transferred billions of dollars in arms and humanitarian aid to help Ukrainians repel Russia’s military attacks.

Meanwhile, the war has impacted global supply chains already strained by the coronavirus pandemic. Russia and Ukraine used to provide a large part of the world grain supply along with many other agricultural products. War-related export bans on these commodities have created shortages in a number of countries, with the conflict and sanctions having economic repercussions around the world.

“The blame for this lies entirely with the elites of Western countries, who are willing to sacrifice the rest of the world to maintain their global dominance,” Putin said at a meeting on Thursday, according to Russia’s state-run Tass news agency.

Wladimir Putin
Russian President Vladimir Putin said on Thursday that the worst effects of the sanctions against his country would be felt in western Europe. Above: Putin and Defense Minister Sergei Shoigu at the Victory Day Parade in Moscow’s Red Square on Monday.
Contributor/Getty Images

The Russian leader said the consequences were less severe in his own country.

“Our manufacturing enterprises are gradually filling niches in the domestic market that became vacant after the departure of unscrupulous partners, including basic supplies, industrial and service equipment, construction and agricultural machinery,” Putin said.

Due to Western sanctions and resistance to the Russian invasion, many Western companies have ceased operations or cut ties with Moscow entirely since the war began.

But Putin said the worst effects would be felt in Western Europe.

“It is obvious that … the continuation of the obsession with sanctions will inevitably lead to the most difficult consequences for the European Union and its citizens,” said the Russian president The Moscow time.

“Russia is confident in dealing with external challenges,” he said.

Russia launched its attack on Ukraine on February 24, quickly drawing international condemnation and widespread global criticism. A large majority of members of the UN General Assembly voted on March 2 to officially condemn Russia’s actions. Only four nations – Syria, North Korea, Eritrea and Belarus – voted with Moscow against the resolution.

Putin’s troops have been accused of “war crimes” and “genocide.” International journalists have reported on mass graves in parts of Ukraine under Russian occupation. There were numerous reports of civilians being shot in the back of the head with their hands tied behind their backs, as well as reports of Russian soldiers raping Ukrainian women.

Moscow justifies the conflict by saying that Russian troops are fighting the Nazis at the head of Ukraine. However, the government in Kyiv is led by President Volodymyr Zelenskyy, who is Jewish and whose family members were killed in the Holocaust during World War II. When Zelenskyy was elected for the first time in 2019 with almost three quarters of the votes, the Ukrainian prime minister was also Jewish.

So far, Russia has largely failed to achieve victory in the war against Ukraine. Putin reportedly believed his troops would quickly overthrow the government in Kyiv and take control of much of the nation. As the war continues into its third month, Russia struggles to capture major cities while Ukrainian troops and civilians defy predictions and resist the advance of Russian troops.

news week has reached out to the White House for comment.

https://www.newsweek.com/putin-points-finger-back-west-biden-causing-global-inflation-crisis-1706211 Putin is pointing the finger back at West, Biden for causing the global inflationary crisis

Rick Schindler

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