Russia’s President, Vladimir Putin, has opined that the latest raft of unprecedented sanctions imposed on Russia by the US and its allies over the Kremlin’s military campaign in Ukraine, mark the end of an era. According to Putin, from now on the West will be losing its “global dominance” both politically and economically.
Speaking on Wednesday, the Russian head of state proclaimed that the “myth of the Western welfare state, of the so-called golden billion is crumbling.” Moreover, it is the “whole planet that is having to pay the price for the West’s ambitions, and its attempts to retain its vanishing dominance at any cost,” Putin claimed.
The Russian president has predicted food shortages across the world as Western sanctions against Russia had adversely affected the entire global economy.
Touching on the decision by several Western powers to freeze Russia’s central bank assets, Putin claimed that this would only serve to irreparably undermine trust in those nations, and make other countries think twice before placing their reserves in the care of those countries. According to the Russian president, nearly half of Moscow’s assets were “simply stolen” by the West.
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