Russian President Vladimir Putin stated, on Thursday, that the Western sanctions imposed on Russia hurt the economies of those countries that introduce them, provoking a global crisis.
"Precisely these sanctions largely provoke the global crisis. Their authors, guided by near-sighted inflated political ambitions, by Russophobia, to a greater extent hurt their own national interests, their own economies, the well-being of their citizens," Putin affirmed.
"It is obvious that due to objective economic laws, the continued sanctions frenzy, if I may say so, will inevitably lead to the most complex consequences for the European Union which will be difficult to reverse, for its citizens, as well as for the poorest countries that have already encountered the risks of hunger," Putin noted.
In the same vein, the president highlighted that over the past two months, Russia’s authorities have held a series of meetings devoted to the economic situation.
"Together with members of the government, the heads of regions, the leadership of the Central Bank, the representatives of the business community, we are implementing a consistent plan on ensuring the stable development of the economy," he said.
Meanwhile, Kremlin Spokesman Dmitry Peskov revealed that the Russian leader might hold a meeting with Belarusian President Alexander Lukashenko on the sidelines of the Collective Security Treaty Organization (CSTO) summit on May 16.
"A summit of the organization's member states will be held in Moscow on May 16 on the occasion of the CSTO's 30th anniversary. There will be both a meeting of the leaders and their separate interaction in a working breakfast format," he said.
Follow the latest news on Google News
