Putin Says Sanctions Hurting West More Than Russia

Russian President Vladimir Putin stated Thursday Western nations were even worse hit by assents troubled Moscow over Ukraine than Russia, which he urges has actually been resistant in the face of «external challenges.»

Western nations have slapped Russia with a battery of unprecedented sanctions after Putin sent out troops right into surrounding Ukraine on Feb. 24.

Western governments «directed by short-sighted, filled with air political passions and by Russophobia, deal a much more challenging strike to their own national interests, their own economic climates as well as the health of their very own people,» Putin told a government conference.

«We see it most importantly by considering the sharp increase of inflation in Europe which is close to 20% in some countries,» he stated in aired comments.

«It is noticeable that … the extension of the obsession with sanctions will unavoidably lead to the most hard consequences for the European Union, for its citizens,» the Russian head of state added.

«Russia is with confidence handling when faced with external difficulties.»

Putin also invited the «gradual» downturn in inflation after it rose to 16.7% year-on-year in March, along with the recuperation of the ruble, which is currently at its best considering that the outbreak of the Ukraine situation.

Sustained by stringent capital controls as well as power exports, the ruble has just recently organized a magnificent bounceback.

«The ruble is probably showing the most effective dynamics amongst all global currencies,» Putin stated.

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