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28 Oct, 2022 08:51

Putin takes aim at Western economic model

The US-led bloc operates like a cuckoo in its bid to maintain global dominance, Russian leader explains
Putin takes aim at Western economic model

As soon as any market is opened for certain goods, the West seizes it –along with all the resources – and tries to push away local manufacturers, according to Russian President Vladimir Putin.

He was speaking at at a plenary meeting of the Valdai Discussion Club, in Moscow, on Thursday.

“They build relationships this way – markets and resources are captured, countries are deprived of their technological, scientific potential. This is not progress, but enslavement, mixing economies to a primitive level,” Putin claimed.

He added that Western countries lay claim to all the resources of mankind as they aim “to strengthen their unconditional dominance in the world economy and politics.”

On the topic of world trade, Putin said the beneficiaries of this should be the majority, not the super-rich corporations. “Together everyone will gain more than individually,” the president said.

He also criticized Western companies who are leaving the Russian market and supposedly selling their entire businesses “for merely one ruble.” They are doing this while whispering in the ear of their management: “we will be back soon,” Putin added.

For more stories on economy & finance visit RT's business section

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