Russian President Vladimir Putin spoke about systemic failures in the global economy. This is reported by the correspondent “Renta.ru” from the meeting of the Discussion Club “Valdai”.
According to the president, they provoked by several factors. “There are systemic failures in the global economy, they are associated with increasing deficits, inflation as a result, interruption of supply chains,” he said and reminded the blocking of the Suez Canal and the shortage of drivers in the UK. “The well-known role in this negative is plays COVID-19, unfortunately. There are other reasons,” Putin added.
Previously, speaking about the energy crisis in Europe, he stated that sharp and rapid actions in the energy market already lead to serious imbalances. Putin also noted the restoration of the economy after the pandemic crisis of 2020, which led to an increase in energy prices.