“The collective West has driven itself into a trap,” RIA Novosti quotes the head of state.

He also noted that the priority of the SVR is strategic forecasting of the development of international processes.

Earlier, Putin called the long-term macroeconomic policy of the G7 countries, including uncontrolled emission and accumulation of unsecured debts, irresponsible.

Politico wrote that the G7 summit in Germany is failing on all fronts.

The article stated that at the end of the negotiations, the world leaders had a feeling that they could not cope with anything: neither the situation in Ukraine, nor the problem of climate change, nor inflation, nor the food crisis, nor energy.