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Russian offensive in Ukraine is not the cause of global inflation, says Putin | War in Ukraine

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

It is the result of the systemic errors of the American administration and the European bureaucracy […]. For them, our operation is a lifeline that allows them to put everything on our backs.continued the Russian president, who also criticized the wrong economic policy of western countries.

They printed and distributed money and they scoured all the goods from third country markets for that moneyhe continued.

The United States and European countries are facing galloping inflation which reached up to 11% over one year in the United Kingdom, driven in particular by the rise in fuel prices. Russia is not to be outdone with a price increase of 16.7% over one year.

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

Penalties mad and insaneaccording to Putin

In the same speech, President Putin once again denounced the sanctions mad and insane imposed by Westerners on Russia, saying they believe that the Europeans are suffering more than Moscow and that the Russian economy is reacting very well.

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We have suppressed the surge of inflation […]. The economic situation is stabilizing, the state finances are robustaffirmed Mr. Putin, assuring that for the first five months of the year, the federal budget of the State, carried by the courses of energy,billion rubles”,”text”:”is over 1500billion rubles”}}”>is in surplus by 1500 billion rubles.

Our task today is to create the preconditions for the industry to flourish and to support demand in the domestic market. »

A quote from Vladimir Putin, President of Russia

He also reiterated that his country and its army do not prevent Ukraine from exporting its cereals, assuring that kyiv has many options and that it was not us who mined the ports of the Black Sea.

Ukraine mined its coast to protect itself from a military landing by Russia, which attacked it on February 24.

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Commodity prices depend on an international agreement

The UN has been negotiating for several weeks with Moscow, kyiv and Ankara, military guarantors of the use of the Black Sea for civilian ships, an agreement which would allow millions of tonnes of blocked Ukrainian cereals to leave the country in safety.

If a deal were struck, it would lower food prices and ease fears of a food crisis around the world.

The situation in world food markets is deteriorating, but it is not our fault at allMr. Putin insisted. We would not like people somewhere, in some countries, to suffer from starvationhe assured.

The Russian president also said he was confident about the return to Russia of Western companies, especially European ones, which slammed the door due to the Russian 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.

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