China News Agency, Moscow, June 17 (Reporter Tian Bing) Russian President Vladimir Putin said in his speech at the plenary meeting of the 25th St. Petersburg International Economic Forum on the 17th that the West's attempt to contain Russia has not been successful, and Russia is capable of dealing with any challenges. .
Putin said that the current principles of the world economy, market and global economic system have been hit, and many trade, production and logistics links that have been interrupted by the epidemic are undergoing new tests.
Furthermore, core business concepts such as business credibility, inviolability of property and trust in a world currency have been completely undermined due to Western ambitions and outdated geopolitical fantasies.
He reiterated that the era of a unipolar world order is over.
The West clings to the past, hinders the historical process, imposes its own moral, cultural and historical views on others, and even tries to dominate everything in international politics and economy.
He said that revolutionary structural changes are taking place in geopolitics, the global economy, the technological field and the entire system of international relations, in which the role of dynamic and promising countries and regions is being significantly increased, and their interests can no longer be ignored.
This change is unstoppable.
Putin said the West was "crazy and reckless" in imposing unprecedented sanctions on Russia out of "Russophobia" and that Russia was capable of meeting any challenge.
Gloomy forecasts about Russia's economic outlook have not materialized.
Putin pointed out that in recent months, Russia has taken various measures to gradually restore the normalization of the economic situation.
The first is to stabilize financial markets, the banking system and trade networks, and then to start injecting working capital into the economy to keep companies and jobs stable.
Russia has curbed inflation soaring, and after peaking at 17.8%, inflation fell to 16.7% and continues to decline.
Russia will continue its efforts to this end and will achieve positive results.
In addition, according to the statistical results of the first five months of this year, the Russian Federation's budget has a surplus of 1.5 trillion rubles, and the combined budget has a surplus of 3.3 trillion rubles.
These indicators were better than expected.
The main task now is to create all the conditions for increasing production and increasing the supply in the domestic market, including the need for financial credit.
Putin said that sanctions are a "double-edged sword" that will cause considerable or even greater damage to the perpetrators.
"Sanctions can target not only Russia, but any unpopular country, but sooner or later they will affect everyone, including EU member states themselves and European companies."
Putin also pointed out that the deterioration of the world economic situation is not a one-day cold, and inflation, food security and energy problems are related to the wrong financial and economic policies of the West, not the special military operations carried out by Russia.
He said that the current top priority of the international community is to increase the supply to the global food market.
Russia can ensure domestic food security and domestic markets, and has the ability to significantly increase grain and fertilizer exports.
Russia is ready to contribute to balancing world agricultural markets.
(Finish)