Russian President Vladimir Putin said during a speech at the St. Petersburg International Economic Conference that “the era of unipolarity is over”, noting that “The United States of America considered itself the Messenger of God on Earth when it proclaimed victory in the Cold War.”

He pointed out that “Western elites seem to be clinging to the ghosts of the past and believe that the economic dominance of the West is a factor of stability for the world”, noting that “The West views others as second class people”, explaining: “We have seen the failure of the West in Syria , Libya, Iraq and Yugoslavia.” He saw that “when the West cannot control those who rebel against it, it tries to isolate them.”

Putin emphasized: “We must be independent, we are strong and can withstand any challenges”, saying that “we got rid of the inflationary wave and our financial system is stable”, stressing that “our history proves our ability to overcome all crises”, noting , that “our main goal today is to increase production and supply and restore demand”, revealing: “We can reduce the base rate to 7%.”

He stressed that “the economic war with Russia is doomed to fail from the start”, noting that “the West has hurt its economy and we can see it clearly in the rise in prices in the US and Europe”, noting that “Europe has high inflation, even though she doesn’t go to war.” This will change the elites in the future,” he said, adding that “the European Union has completely lost sovereignty, and it does everything that is dictated to it from above.” and it hurts its citizens and economy.”

The Russian President pointed out that “the West has now begun to print money to solve economic problems”, stressing that “the allegations of a worsening economic situation in Europe as a result of a Russian special operation in Ukraine are a distortion of the facts”, noting that “the Russian military operation in Ukraine was kind of Salvation for the countries of Europe, which blamed Russia for their problems.

He stated: “We will increase wheat exports to more than 50 million tons this year”, noting that “we do not interfere with Ukrainian food exports and have not planted mines in the sea”, welcoming “dialogue in the United States”. Nations to facilitate the supply of food to the world.” He pointed out that “the US can steal other people’s money at any time when they don’t like something.”

Putin stated that “the decision to launch a special operation in Ukraine was difficult, but we were forced to do it”, explaining that “the purpose of our military operation in Ukraine is to protect people in the Donbas region”, stressing that “all tasks related to the military operation in Ukraine will be implemented.” noting that “Western sanctions were adopted on the false assumption that Russia does not have economic sovereignty. He stated that “Russia will expand cooperation with all those who wish to cooperate with it, and will also deal with Western companies.”

He said that “Russia will strengthen its capabilities in the transport sector, through railways and seaports”, hoping that “the flow of Russian gas through new transmission lines will increase in the near future”, stressing that “we will lift some restrictions for Russian companies , for their development”, noting that “price and energy problems are the result of wrong policies pursued by the United States of America and the European Union”.

The President of Russia stated: “We will provide conditions for those wishing to invest in Russian industrial zones”, noting that “we have many large industrial projects that we will announce in the near future”, stressing that “the rules of the new world order will depend on the location independent and sovereign countries”. “We enter into the rules of the new world order with full sovereignty.”