Vladimir Putin Critiques US Sanctions Impacting Global Relations
Vladimir Putin Critiques US Sanctions
On Friday, Vladimir Putin lashed out at the US for its ongoing sanctions, arguing that they have negatively affected global relations and promoted tensions in Asia. He stated, “The US has spoilt its relationship with Russia by imposing sanctions continuously.” Putin pointed out that this situation has compelled nations to reconsider their reliance on the US Dollar, noting that even traditional allies are reducing their Dollar reserves.
Impact on Chinese Development
Putin indicated that the US is falling behind in addressing the rise of China, claiming, “They won’t be able to stop the Chinese development.” He expressed concerns about the formation of a unified currency within the BRICS group, labeling it “premature” at this stage. He stressed that such a move would require a high level of coordination among member nations.
- BRICS Expansion: The group has welcomed new members, including Egypt, Ethiopia, Iran, and the UAE.
- Strengthening BRICS Bank: Putin reaffirmed Russia's commitment to enhancing the new BRICS bank for economic stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.