The old world is over: Key takeaways from
Putin's speech
By V Putin
June 17, 2022:
Information Clearing House
- New centers of power
have emerged, the unipolar world order isn’t
coming back, and the “colonial” way of
thinking has failed, Russian President Vladimir
Putin told the St. Petersburg International
Economic Forum (SPIEF) on Friday, in what the
Kremlin described
as an “extremely important” speech.
The old world order is gone with the
wind
“messengers of God on earth,” with
interests that should be considered sacred and
no obligations, Putin told the audience at SPIEF.
New centers of power have since emerged, and
have the right to protect their own systems,
economic models and sovereignty.“truly revolutionary, tectonic changes
in geopolitics, the global economy, in the
technological sphere, in the entire system of
international relations,” are “fundamental,
pivotal and inexorable,” Putin said. “And It
is a mistake to suggest that one can wait out
the times of turbulent change and that things
will return to normal; that everything will be
as it was. It will not.”
Anti-Russian sanctions backfired on
the West When the US and its allies launched the
campaign to “cancel” Russia over the
conflict in Ukraine, they hoped to crash and
undermine the Russian economy and society. The
sanctions have instead boomeranged on their
creators, aggravating social and economic
problems, driving up the cost of food,
electricity and fuel, and hurting the quality of
life across the West, but especially in Europe.“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,” Putin said.“decisions
divorced from reality and taken contrary to
common sense,” he added, as direct losses
from the sanctions alone could exceed $400
billion in a year.
Energy prices and inflation are
self-inflicted Blaming the high energy prices and
inflation in the West on Russia – “Putin’s
price hike,” as the White House put it – is
a “stupidity” and “designed for
people who can’t read or write,” the
Russian president said.“Don’t blame us, blame yourselves,”
Putin said.“blindly believing in renewable
sources” and abandoning long-term natural
gas contracts with Russia led to the spike in
energy prices last year, according to the
Russian leader. Meanwhile, both the US and the
EU addressed the Covid-19 pandemic by printing
trillions of dollars and euros.
‘Elite change’ awaits the West Policies undertaken by EU and US
leaders are exacerbating inequalities and
divisions in their societies, not just in terms
of welfare but in terms of values and
orientations of various groups, Putin said.“Such a detachment 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,” the Russian leader
said.
If there’s a famine, it won’t be
Russia’s fault
US and EU sanctions against Russia – in
particular fertilizer and grain exports – are
one of the reasons for growing global food
insecurity, Putin pointed out. If there is
famine in the world’s poorest countries,
“this will be entirely on the conscience of the
US administration and the European bureaucracy."
Troubles with food supply have arisen over
the past several years – not months – due to the
“short-sighted actions of those who are
accustomed to solving their problems at someone
else's expense,” distorting the trade flows
by printing money in a sort of “predatory
colonial policy,” Putin said.
Russia is ready to send food to Africa and
the Middle East, where the threat of famine is
most acute, but faces “logistical,
financial, transport” obstacles imposed by
the West, he said.
Reasons for the Ukraine conflict “simply impossible
to reach any new agreements with them,”
Putin said. The decision was “forced, but
necessary,” as Russia had every right as a
sovereign country to defend its security and
protect its citizens and residents of Donbass
from “genocide by the Kiev regime and
neo-Nazis who received the full protection of
the West." The West spent years turning Ukraine into
an “anti-Russia” state and pumping it
with weapons and military advisers, Putin said,
pointing out they “did not give a damn”
about Ukraine’s economy or the lives of its
people, but “spared no expense to create a
NATO foothold in the east, directed against
Russia, to cultivate aggression, hatred and
Russophobia."
Putin said.
Economic development is an expression
of sovereignty In the 21st century, sovereignty can’t
be partial, Putin argued. All of its elements
are equally important and complement each other,
and the economy is one of them. There are five
key principles Russia will follow in economic
development: Openness, freedom, social justice,
infrastructure, and technological sovereignty.“never follow the path of
self-isolation and autarky,” but will
expand interactions with anyone who wishes to
trade, Putin said, adding there are “many
such countries.” Moscow will also support
private enterprise, build and repair its
transportation infrastructure, seek to reduce
social inequality, and ensure its key
technologies are not dependent on foreign
imports.“Truly sovereign states are always committed
to equal partnerships,” while “those
who are weak and dependent, as a rule, are busy
looking for enemies, planting xenophobia, or
finally losing their originality, independence,
blindly following the overlord,” he said.
The views expressed in this article are
solely those of the author and do not necessarily
reflect the opinions of Information Clearing House.
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