Russian President Vladimir Putin on Friday said that the Western world order is collapsing and that U.S. and EU sanctions against his government have failed.
“The previous world order is finished,” Putin said St. Petersburg International Economic Forum at the International Economic Forum in St. Petersburg.
Dismissing the sanctions as part of a “propaganda campaign,” Putin added, “What all these spells about 200-to-1 ruble-dollar exchange rates and claims that our economy would collapse were all about. All this was … and remains … a tool in the information warfare, an attempt to put psychological pressure on Russian society.”
“The European Union has completely lost its political sovereignty, and its bureaucratic elites are dancing to someone else’s tune, accepting whatever they are told from above, causing harm to their own population and their own economy,” he further remarked….