Monday, July 22, 2024

Putin Highlights Increased Risk of Financial Crisis and Alleges Hybrid War Against Russia

During the virtual summit of the Shanghai Cooperation Organisation (SCO) Heads of State Council, President Vladimir Putin of Russia expressed concerns regarding the escalating risks of a global economic and financial crisis. He attributed these risks to the uncontrolled accumulation of debt by developed nations. Putin also claimed that Russia is currently facing a hybrid war, exemplified by unprecedented and unjust anti-Russian sanctions.

Addressing the summit, President Putin advocated for the expanded use of national currencies in trade settlements. He emphasized the SCO’s commitment to establishing a just and multipolar world order based on international law and the principles of respectful cooperation among sovereign states. Against the backdrop of growing geopolitical discord and the deterioration of the international security system, Putin highlighted the interconnected challenges of uncontrolled debt accumulation, social inequality, poverty, and threats to food and environmental security.

Putin cautioned that these complex and diverse issues, when combined, could significantly escalate conflict potential. He emphasized that Russia is currently grappling with these challenges firsthand. Furthermore, he described a long-standing external project near Russia’s borders aimed at transforming neighboring Ukraine into a hostile state, with the intention of jeopardizing Russia’s security and impeding its development. Putin accused external forces of supplying weapons to Ukraine, condoning aggression against the peaceful population of Donbass, and propagating neo-Nazi ideology.

In Putin’s view, Russia is now facing a hybrid war, with unprecedented and illegitimate anti-Russian sanctions imposed on the country. These measures, according to him, aim to undermine Russia’s security and hinder its progress. Putin’s statements shed light on the gravity of the financial risks faced by the global economy and the alleged threats and challenges Russia confronts on multiple fronts.

We invite you to share your thoughts on President Vladimir Putin’s statements in the comments section below.

Frequently Asked Questions (FAQs) about financial crisis risk

What are the concerns raised by Vladimir Putin regarding the global economy?

Vladimir Putin has expressed concerns about the increased risks of a global economic and financial crisis. He attributes these risks to the uncontrolled accumulation of debt by developed countries. He also highlights the challenges of social inequality, poverty, and threats to food and environmental security.

What does Putin mean by a “hybrid war” against Russia?

According to Putin, Russia is currently facing a hybrid war. He alleges that external forces have been implementing a project near Russia’s borders to transform Ukraine into a hostile state, with the aim of jeopardizing Russia’s security and impeding its development. This hybrid war includes the imposition of unprecedented anti-Russian sanctions.

What is the stance of the Shanghai Cooperation Organisation (SCO) on global issues?

The SCO, as highlighted by Putin, is strongly committed to creating a just and multipolar world order based on international law and respectful cooperation among sovereign states. It advocates for increased use of national currencies in trade settlements and aims to address geopolitical discord, the degradation of the international security system, and the risks of a global economic and financial crisis.

How does Putin perceive the impact of external forces on Russia’s security?

Putin claims that external forces have been supplying weapons to Ukraine and condoning aggression against the peaceful population of Donbass. He argues that these actions are part of a larger project to undermine Russia’s security and stifle its development. He believes that the illegitimate anti-Russian sanctions imposed on Russia are unprecedented in scale and further evidence of the hybrid war being waged against his country.

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