Putin said this during a meeting in the BRICS Plus format.

He noted that this is not the result of recent months, and even more so not a consequence of Russia's special military operation to protect Donbass.

“I want to emphasize again: the sharp increase in inflation did not happen yesterday, it is the result of several years, it was the result of many years and, I emphasize, the irresponsible macroeconomic policy of the G7 countries,” he said. 

The Russian president also said that some countries are trying to replace the global architecture with "invented rules."

RT broadcast the meeting.