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June 24, 2022, 11:18 pm
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EU’s next potential sanctions target revealed Forging High-quality Partnership For a New Era of Global Development : Xi Jinping পদ্মা সেতুর উদ্বোধন উপলক্ষে ১০০ টাকা মূল্যমানের স্মারক নোট ২৪ জুন এক নজরে বাংলাদেশ পদ্মা সেতু উদ্বোধন উপলক্ষ্যে প্রধানমন্ত্রী ও রাষ্ট্রপতির বাণী  Pentagon unveils new Ukraine weapons shipment Germany warns entire industries could stop due to gas shortage ২৪ জুন কোভিড-১৯ সংক্রান্ত সর্বশেষ প্রতিবেদন Japan wants more people-to-people cultural bond with Bangladesh হাওর এলাকার আশংকাজনকহারে জলাভূমি হ্রাস বন্যার ভয়াবহতা বাড়িয়ে দিচ্ছে : আইপিডি PM to open Padma Bridge on June 25  EU and NATO forming coalition ‘for war against Russia’ : Lavrov President, PM greet all involved with Padma Bridge project অবিলম্বে দেশে ভোজ্যতেলের দাম সমন্বয়ের দাবি ক্যাব এর ২১ জুন এক নজরে বাংলাদেশ ২৩ জুন কোভিড-১৯ সংক্রান্ত সর্বশেষ প্রতিবেদন AL means independence, developed Bangladesh: PM  imo steps in to facilitate flood victims LafargeHolcim signs agreement with Swisscontact Bangladesh to support waste management in MSMEs তামাকের দাম বাড়াতে মন্ত্রিপরিষদ সচিবকে ব্যবস্থা গ্রহণের সুপারিশ ৯৭ সাংসদের
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EU’s next potential sanctions target revealed Forging High-quality Partnership For a New Era of Global Development : Xi Jinping পদ্মা সেতুর উদ্বোধন উপলক্ষে ১০০ টাকা মূল্যমানের স্মারক নোট ২৪ জুন এক নজরে বাংলাদেশ পদ্মা সেতু উদ্বোধন উপলক্ষ্যে প্রধানমন্ত্রী ও রাষ্ট্রপতির বাণী  Pentagon unveils new Ukraine weapons shipment Germany warns entire industries could stop due to gas shortage Japan wants more people-to-people cultural bond with Bangladesh হাওর এলাকার আশংকাজনকহারে জলাভূমি হ্রাস বন্যার ভয়াবহতা বাড়িয়ে দিচ্ছে : আইপিডি EU and NATO forming coalition ‘for war against Russia’ : Lavrov অবিলম্বে দেশে ভোজ্যতেলের দাম সমন্বয়ের দাবি ক্যাব এর ২১ জুন এক নজরে বাংলাদেশ imo steps in to facilitate flood victims LafargeHolcim signs agreement with Swisscontact Bangladesh to support waste management in MSMEs তামাকের দাম বাড়াতে মন্ত্রিপরিষদ সচিবকে ব্যবস্থা গ্রহণের সুপারিশ ৯৭ সাংসদের Prerona Foundation-Bengal Meat collaborates NATO chief ‘cannot guarantee’ membership for Finland and Sweden Energypac Sponsors 4th Dhaka Automotive Show 2022 Putin’s Global Ratings Drop to 20-Year Low : Pew Australian envoy expects Padma Bridge to enhance regional growth

Putin identifies culprit of global inflation

Bangladesh Beyond
  • Updated on Monday, June 6, 2022
  • 66 Impressed

Putin identifies culprit of global inflation

 

Dhaka June 06 2022 (RT) :

 

Years of Western mistakes are hurting the world economy, the Russian president said.

Western nations have mismanaged the global economy, and the entire world is now paying the price for their incompetence, Russian President Vladimir Putin said on Monday. He made the claim during an address ahead of the St. Petersburg International Economic Forum (SPIEF).

The annual international event, which is hosted by Russia, is gathering for the 25th time this year. In a welcome address to participants, which was published a week before the beginning of the forum, the Russian leader noted that it was taking place at a turning point for humanity.

“Many years of mistakes made by Western nations in their economic policy and the illegitimate sanctions have caused a global wave of inflation, disruption of established logistical and manufacturing chains, a surge in poverty and a deficit of food,” Putin said.

Those challenges are also opportunities, the president added. He predicted that the current decade would become a time when Russia “asserts its economic sovereignty” by building up its infrastructure and manufacturing base, investing in the skills of its workers and creating an independent financial system. The country’s economy will remain open to the wider world, Putin pledged.

The forum will take place from Wednesday to Saturday next week. According to organizers, more than 2,700 business leaders, including over 1,000 CEOs, have confirmed their participation as of June 1.

The gathering is intended to demonstrate Russia’s ability to withstand Western pressure and attempts to isolate it diplomatically and economically from the rest of the world.

The US and its allies imposed an unprecedented series of economic sanctions on Russia after Moscow launched a military attack against Ukraine in late February. Many non-Western nations, including economic powerhouses like China and India, have refused to join the pressure campaign.

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