Russia Will Create New Financial System, Putin Claims
Putin’s almost comically contrarian attempt to flip the script on Russia’s mounting economic isolation will likely be seen as a whisper against the growing chorus of Western leaders who fault Moscow for causing inflation and increasing the risk of global famine.
Russia’s president, calling the 2020s a period of “strengthening economic sovereignty” for his country, has said that this decade will see the formation of an independent and efficient financial system in Russia. In an advance greeting to the participants of the upcoming St. Petersburg International Economic Forum, Vladimir Putin also blamed “a wave of global inflation” and “a sharp increase in poverty and food shortages” on “long-term mistakes” made by Western countries as well as the imposition of “illegitimate sanctions.”
“I am convinced that for Russia the 2020s will become a period of strengthening economic sovereignty, which provides for the accelerated development of its own infrastructure and technological base, a qualitative increase in the level of training of specialists, as well as the formation of an independent and efficient financial system,” Mr. Putin said in the statement, which was published on the websites of both the forum and the Kremlin.
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