Putin warns West: If you persist with sanctions, world food prices will rise further

Gas prices across the globe have skyrocketed

World food prices will rise further if Western countries intensify pressure on Russia, the leader of the world’s largest producer of fertilizers, Russian President Vladimir Putin said during a government meeting.

Russian Agriculture Minister Dmitry Patrushev said during a government meeting chaired by Putin that food security was guaranteed and that Moscow would continue to fulfill its export commitments to world markets.

Putin also said Russia was living up to its commitments on energy supplies, especially since the United States decided to cut off oil imports from his country. He called the Western sanctions on Russia illegal and said Western governments were deceiving their own people.

“As for the countries that are taking hostile steps towards us and our economy, we are well aware that they are calling on their citizens to tighten their belts, dress warmly and, in general, indicate the sanctions they are imposing on us, as a reason for the deterioration of the situation. “, the Russian leader noted. “Everything seems very strange, especially since we are fulfilling all our obligations in the field of energy supply,” he stressed.

 

Putin also said Russia was living up to its commitments on energy supplies, especially since the United States decided to cut off oil imports from his country. He called the Western sanctions on Russia illegal and said Western governments were deceiving their own people.

Putin cited the United States as a prime example, saying that although Russia’s share of the country’s oil supply was only 3%, inflation had skyrocketed. “We still supply oil/ gas nothing has changed, but we see prices have risen all over the world so they can blame it on us. We only supply 3% oil to the U.S yet their inflation has risen, highest in history. They are using this to exploit their citizens”, he said. Russia can calmly resolve its problems, he added.

According to the Russian president, fuel prices in the West are rising because of miscalculations by Western governments and not because of the war in Ukraine. He also said that his country will not cut ties with any country and is ready to cooperate with everyone.

Speaking during the cabinet meeting, Finance Minister Anton Siluanov said Russia had taken steps to curb capital outflows and that the country would service its foreign ruble loans.

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