Putin says sanctions triggering global crisis

May 12, 2022 7:33 AM 

By The Associated Press

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MOSCOW — Russian President Vladimir Putin says Western sanctions against Russia are provoking a global economic crisis.

Speaking during a Thursday meeting on economic issues, Putin said Western nations were “driven by oversized political ambitions and Russophobia” to introduce sanctions that “hurt their own economies and well-being of their citizens.”

Putin charged that the “sanctions are provoking a global crisis” and will lead to “grave consequences for the EU and also some of the poorest countries of the world that are already facing the risks of hunger.”

He alleged that the “Western elites are ready to sacrifice the rest of the world to preserve their global domination.”

The Russian leader insisted the Russian economy has successfully withstood the blow from Western sanctions and that Russian companies will fill the niche left by the withdrawal of Western enterprises.

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KEY DEVELOPMENTS IN THE RUSSIA-UKRAINE WAR:

— Finland’s leaders in favor of applying for NATO membership

— ' This tears my soul apart ’: A Ukrainian boy and a killing

— Protesters vent fury at French company for staying in Russia

— Ukrainian circus comes to town, and stays in Italy, amid war

Follow all AP stories on Russia’s war on Ukraine at https://apnews.com/hub/russia-ukraine


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