Russia’s Putin says West is failing, the future is in Asia

Russian President Vladimir Putin delivers a speech at the plenary session of the 2022 Eastern Economic Forum (EEF) in Vladivostok, Russia September 7, 2022. Sergey Bobylev/TASS Host Photo Agency/Handout via REUTERS

VLADIVOSTOK, Russia — President Vladimir Putin claimed on Wednesday that the West was failing because its aggressive and fruitless efforts to impose sanctions on Russia were wrecking the world economy at the same time as Asia was assuming the future.

In response to what Putin describes as a special military operation in Ukraine, the United States and its allies levied the most punishing sanctions on Russia in modern history. According to Putin, the sanctions amount to an economic war declaration.

Speaking at the Eastern Economic Forum in the Russian Pacific city of Vladivostok, Putin claimed that the COVID pandemic was no longer the biggest danger to the world economy because of Western sanctions against Russia.


“I am speaking of the West’s sanctions fever, with its brazen, aggressive attempt to impose models of behaviour on other countries, to deprive them of their sovereignty and subordinate them to their will,” Putin said.

“In an attempt to resist the course of history, Western countries are undermining the key pillars of the world economic system built over centuries,” Putin said, adding that confidence in the dollar, euro and sterling was falling.


On February 24, Russia launched tens of thousands of troops into Ukraine as part of what it described as a special operation to weaken the military power of its southern neighbor and flush out individuals it deemed to be dangerous nationalists.

Ukrainian forces have put up a strong fight. How many soldiers have died has not been made public by any side.

With rising food and energy costs, the West’s attempt to economically isolate Russia—one of the largest providers of natural resources—has sent the international economy into new waters.

It has also harmed Russia.

According to Putin, the West was attempting to impose its will on the world, but its influence was waning because Asia was now the engine of global growth.


“Irreversible and even tectonic changes have taken place throughout international relations,” Putin said. “The role of dynamic, promising countries and regions of the world, primarily the Asia-Pacific region, has significantly increased.”

Li Zhanshu, the third-ranking member of the Chinese Communist Party, was one of the attendees at the meeting.

According to Putin, China would pay Gazprom for its gas in its own national currencies, split 50/50 between the Chinese yuan and the Russian rouble.

Putin added that despite some challenges in particular sectors and regions, the Russian economy was managing what he called the financial and technological assault of the West.



By: Miss Cherry May Timbol – Independent Reporter

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