https://english.pravda.ru/russia/152411-putin_new_world_order/


Putin: Russia is building the new world order right now

Russia  <https://english.pravda.ru/russia/>» Economics
<https://english.pravda.ru/russia/economics/>

According to Russian President Vladimir Putin, authorities of Western
countries *cling to the shadows of the past* and believe that the dominance
of the West will be constantly preserved. However, *nothing lasts forever*,
Putin said.

[image: Putin: Russia is building the new world order right now]

The changes that are currently taking place in the world are fundamental in
their nature. *The world will not be as it was before*, President Vladimir
Putin said in his speech at the plenary session of the St. Petersburg
International Economic Forum.

"It is erroneous to believe that one can sit and wait when the time of
turbulent changes goes by, when everything goes back to where it was. It
won't," Putin said.

According to him, the changes are fundamental, "crucial and inexorable” in
nature. However, the ruling elites of Western countries live in their
illusions and do not want to notice the obvious. Instead, they "cling to
the shadows of the past."

"For example, they believe that the dominance of the West in global
politics and economy is a constant and eternal value. Nothing lasts
forever," Putin said. According to him, Russia's partners deny reality and
try to counteract the course of history.

The *European Union has finally lost its political sovereignty*. The
actions of European politicians will lead to degradation, serious
socio-economic changes, and to a *future change of elites*, Russian
President Vladimir Putin said at his speech during SPIEF-2022.

"The European Union has finally lost its political sovereignty. Its
bureaucratic elites are dancing to someone else's tune, accepting whatever
they are told from above, while causing harm to their own population and
their own economy,” Putin said.

He compared European elections to a "screen" that makes it possible for
similar political forces to come and go in rotation. The Russian president
believes that the policy of the European authorities will cause the
Europeans to split not only in terms of welfare issues, but also in terms
of their values.

"Such a divorce from reality, from the demands of society, will inevitably
lead to a surge of populism and the growth of radical movements, to serious
social and economic changes, to degradation, and in the near future, to a
change of elites,” Putin said.
Western sanctions crush Western economies

Western countries wrongfully believed that their sanctions against Russia
would crush the Russian economy. Their expectations have not materialized,
President Vladimir Putin said. According to him, Russia needs to take
advantage of the moment and develop its economy further.

The sanctions that Western countries have imposed against Russia are
*thoughtless
and insane*, Putin said during his speech at the SPIEF. The tempo at which
they have been imposed, as well as the number of restrictions that Russia
has faced is unprecedented, he said.

"The goal was understandable — to crush the Russian economy violently, to
destroy business chains, forcefully recall Western companies from the
Russian market, freeze domestic assets in order to affect industry and
finance, the standard of living of citizens. It hasn't worked out.
Obviously it hasn't. It has not materialised," Putin stressed.

According to him, the sanctions failed due to coordinated actions of the
government, business and citizens, who "showed unity and responsibility."

"First we stabilized the financial sector, then we began to saturate the
economy with liquidity and working capital to maintain stability of
enterprises and companies, to preserve employment and jobs. Gloomy
predictions about the prospects for the Russian economy have not come true
to life,” Putin said.

Pessimistic forecasts about the future of the Russian economy, as well as *the
mantra about the dollar worth two hundred rubles*, were part of the
information struggle.

EU's direct losses from "the sanctions hysteria" may exceed *$400
billion* during
the upcoming year.

"This is the price of decisions that were divorced from reality and taken
contrary to common sense," Putin said.

According to him, "the very construction of Western sanctions" was built on
the false thesis about Russia being critically vulnerable and not sovereign
from the point of view of economy.

"They were so carried away by the myth about the backwardness of Russia and
the weakness of Russia's position in the world economy and trade that they
believed that myth themselves,” the president said.

Western countries began to impose sanctions against Russia after the start
of the special military operation in Ukraine. The goals of the operation,
as Putin claimed, are to protect residents of Donbass from "genocide
committed by the Kyiv regime." In response, Ukraine severed diplomatic
relations with Russia, implemented martial law and mobilisation.

Since the end of February, EU countries have imposed six packages of
sanctions against Russia. The restrictions, among other things, include a
partial embargo on Russian oil supplies, financial sanctions, sectoral
restrictions and sanctions against a number of individuals.

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