European politicians landed a heavy blow on their economies, Putin

Russian President Vladimir Putin has warned that the wrong policies currently in place in Europe would lead to a rise in extremist and nationalist sentiments. He  added that Europe will soon face degradation and that current elites on the continent would be replaced. Addressing the 2022 St Petersburg International Economic Forum (SPIEF 2022), Putin pointed out that European politicians had dealt their economies a severe blow with their own hands. Western sanctions are having a serious negative effect on the global situation, primarily on the food market. "European politicians have landed a heavy blow on their economies. They did it themselves, with their own hands," Putin said. The Russia president said, Russia does not mind Ukraine’s accession to the European Union, but is not ready to forget the 2014 state coup in the country.

"The world was systematically driven into a huge global crisis by the countries of the so-called "G7" — President Putin at #SPIEF2022.
"The EU has totally lost its political sovereignty, its elites are dancing to someone else's tune, causing harm to their own population" pic.twitter.com/E0OBPlmNci

— The Eurasianist ☦️ (@Russ_Warrior) June 17, 2022

The Kremlin chief, in his speech, alleged that the world has been systematically driven into a huge global crisis by the countries of the so-called ‘G7’. The SPIEF is one of the world's biggest and most important business events and has been held annually since 1997. Since 2005, it has been held under the auspices of the President of the Russian Federation.