December 9, 2022

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Vladimir Putin warns: the West is about to fail, the future is in Asia

Russian President Vladimir Putin warned the West on Wednesday that it had undermined the world economy with what he described as a futile and aggressive attempt by the West to impose its hegemony.

He claimed that the rising powers of Asia represent the future, according to Reuters, quoted by Agerpres.

The US and its allies have imposed on Russia the most severe sanctions in modern history for what Putin presents as a ‘special military operation’ in Ukraine, a response which – according to the Kremlin – amounts to a declaration of war.

Addressing the Eastern Economic Forum in Vladivostok, in the Far East, Putin said that sanctions against Russia have replaced the COVID-19 pandemic as the main threat to the world economy.

“I am talking about the Western sanctions fever, with its impertinent and aggressive attempt to impose models of behavior on other countries, to deprive them of their sovereignty and to subordinate them to their will,” Putin said.

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According to the Russian president, the West is trying to impose its will on the world, but that its power is in decline, because the origin of world growth is now in Asia.

“Irreversible and even tectonic changes have taken place in international relations”, declared Putin. “The role of dynamic and promising countries and regions, mainly the Asia-Pacific region, has grown considerably,” he added.

Russia cannot be isolated, the Russian president also claimed, stressing that Moscow will defy the West’s attempts to remove the country from the global scene.

Putin said Russia sees more opportunities to enter markets in the Middle East and Iran, following the imposition of severe sanctions by the West in response to Russia’s military campaign in Ukraine.

Regarding the impact of these sanctions on his country, Vladimir Putin said that the Russian economy is facing what he called financial and technological aggression from the West, although he acknowledged that some industrial sectors and regions are experiencing difficulties.

Putin has insisted that Western sanctions against his country are a danger to the whole world and have shown his lack of vision as the world turns to Asia.

The West has undermined the world economy through its ‘aggressive’ attempts to impose its dominance on the world, without succeeding in stopping the rise of the Asia-Pacific region, the Russian president believes.

On the subject of the food crisis, Putin said that Moscow did everything possible so that Ukraine could export its grain, but this did not solve the food problem. He said that problems on the world food market could intensify and that a humanitarian catastrophe was looming.

Putin said he would discuss with his Turkish counterpart, Recep Tayyip Erdogan, about limiting the destinations of ships exporting Ukrainian grain, as the “poorest countries” do not have access to them.

Excluding Turkey as a mediator, practically all the grain that leaves Ukraine does not go to the poorest countries, but to Europe. Only two out of 87 ships go to developing countries. 60,000 tons out of 2 million tons, Putin said during the session of the Eastern Economic Forum in Vladivostok, a port city on the Russian Pacific coast, according to EFE.

“It is worth thinking about how to limit the destinations of exports of grain and other food products along this route. I will definitely talk about it with the Turkish president, Erdogan,” he said.

Among the guests at the forum is the highest Chinese legislator Li Zhanshu, currently No. 3 in the Chinese Communist Party.

Putin stated that China will pay Gazprom for its gas in national currency, based on a 50+50 parity between the Russian ruble and the Chinese yuan.

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