The head of state recalled that the problem in the food market began to take shape in February 2020, during the fight against the coronavirus pandemic.
The United States began to inject funds to support the population and certain sectors of the economy, he noted.
At the same time, Russia did it much more carefully, more precisely, Putin stressed.
“In less than two years, from February 2020 to the end of 2021, the money supply in the United States grew by $5.9 trillion.
This is an unprecedented work of the printing press.
The total money supply increased by 38.6%.
Apparently, the financial authorities of the United States proceeded from the fact that the dollar is the world currency, and, as usual in the old days, it will dissipate throughout the world economy, and this will not be noticeable in the States.
It turned out that this is not so, ”the Russian leader explained.
US Treasury Secretary Janet Yellen, for example, pointed out that they made a mistake, Putin said.
“So this is a mistake of the financial and economic authorities of the United States, it has nothing to do with Russia’s actions in Ukraine, not at all.
This was the first step towards the development of an unfavorable situation on the food market, because, first of all, food prices went up,” the President of Russia said.
As Maxim Oreshkin, assistant to the President of Russia on economic issues, noted in an interview with RT, the crises observed in the food and fuel markets are clearly not caused by recent events around Ukraine.
Mistakes were made in the US during the pandemic crisis, and also in Europe, where the reliance on short-term contracts drove up energy prices.