He said this at the plenary session of the forum “For the Freedom of Nations”.

“The collective West is buying goods all over the world using unsecured money. Fortunately, so to speak, the machine is located in well-known countries... This ultimately accelerates global inflation and increases poverty on the planet,” TASS quotes him.

At the same time, he called it “a common practice for the Western world” to introduce unilateral restrictions while ignoring the UN. These actions, he said, destroy “well-established financial and economic ties.”

Earlier, European Commissioner for Economic Affairs Paolo Gentiloni said that the European Union barely avoided a recession in the fourth quarter of 2023.