[Archyde.com]-Russian President Vladimir Putin said on the 10th that sanctions once morest Russia will bounce back to Western countries in the form of rising food and energy prices. At the same time, Russia declared that it would become a more powerful nation while solving the problems.
Putin’s remarks aim to reassure the Russian people that they can withstand the “economic war” that they claim to target their own banks, businesses and emerging conglomerates (Oligarchs).
At a government meeting, he emphasized that there was no substitute for Russia’s special military operation in Ukraine. Russia might not accept compromising sovereignty for short-term economic gains, and sanctions on Russia would have been imposed in any case. Even so, we have overcome it in the past, and we will overcome it this time as well. Ultimately, this will all lead to our independence, self-sufficiency, and increased sovereignty. “
Russia, a major energy producer in Europe that supplies one-third of natural gas, has confirmed that it will continue to meet its contractual obligations despite comprehensive sanctions from each region. With the US ban on Russian crude oil imports, “price remains high and inflation has reached historic levels at unprecedented levels. They are trying to blame us for the consequences of their mistakes. But we have nothing to do with it. “
Putin admits that the sanctions imposed on Russia have been in effect since the invasion of Ukraine on February 24, but “there is no doubt that we will work calmly to solve the problems. No. People will understand that there simply is no event that we can close and cannot resolve. “
He also pointed out that Russia is a major producer of agricultural fertilizers. He argued that if Western nations caused problems for Russia, a “negative impact” on the world’s food markets would be inevitable.
Russia’s finance minister, Siluanov, explained at a meeting that Russia is taking steps to limit capital outflows and will repay its external debt in rubles instead of dollars.
“For the past two weeks, Western countries have launched economic and financial wars once morest Russia,” he said. “Under these circumstances, stabilizing the financial system is a priority.” Stated.