Vladimir Putin: Sanctions hurting West more than Russia
May 12, 2022, 4:30 pm

Vladimir Putin: Sanctions hurting West more than Russia

Putin speaks at Victory Day parade on Moscow's Red Square/Monday May 9 2022 /Reuters

The Anews reported, citing the AFP, Russian President Vladimir Putin said Thursday (May 12) Western countries were worse hit by sanctions imposed on Moscow over Ukraine than Russia, which he insists has been resilient in the face of "external challenges".

Western countries have slapped Russia with a barrage of unprecedented sanctions after Putin sent troops into neighbouring Ukraine on February 24.

Putin told a government meeting that Western governments "guided by short-sighted, inflated political ambitions and by Russophobia, deal a much harder blow to their own national interests, their own economies and the well-being of their own citizens."

Spasskaya tower and St Basil's cathedral in Moscow, Russia (File photo: Pixabay)

He said in televised remarks: "We see it above all by looking at the sharp rise of inflation in Europe which is close to 20 percent in some countries."

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The Russian president added: "It is obvious that... the continuation of the obsession with sanctions will inevitably lead to the most difficult consequences for the European Union, for its citizens. Russia is confidently managing in the face of external challenges."

Putin also welcomed the "gradual" slowdown in inflation after it surged to 16.7 percent year-on-year in March, as well as the recovery of the ruble, which is now at its strongest since the outbreak of the Ukraine crisis.

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Supported by strict capital controls and energy exports, the ruble has recently staged a spectacular bounceback.

Putin said: "The ruble is probably showing the best dynamics among all international currencies."

Source: anews

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