EU and US to blame in case of world famine – Putin West’s new ‘shrewd’ form of colonialism creates trade deficits and humanita

Western mismanagement of the global economy and reliance on money-printing to suck out goods from weaker nations are the real cause of the inflation and unfolding food crisis, Russian President Vladimir Putin said on Friday, during a keynote speech.

Speaking at the Saint Petersburg International Economic Forum (SPIEF), the Russian leader accused Western leaders of causing a global crisis, which may expose hundreds of thousands of vulnerable people to risk of malnutrition.

“The ongoing price hike, inflation, problems with food and fuel, gas and energy in general is the result of systemic mistakes in the economic policy of the current US administration and the European bureaucracy,” Putin said.

Western nations printed large sums of money to stimulate their economies and used them to buy goods in foreign countries.

“They pretty much vacuumed, raked away the global markets. Naturally, nobody cared to think about the interest of other nations, including the poorest of them,” Putin said. “Those were left with scraps, at astronomical prices.”

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