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Putin explains Western economic model

The West seeks to capture local markets and resources to maintain global dominance, the Russian president says

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

“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,” he stated on Thursday at a plenary meeting of the Valdai Discussion Club.

According to the Russian leader, 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.

READ MORE: Losses of international firms that exited Russia estimated

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


https://ift.tt/cXzD1MV 28, 2022 at 02:21PM
from RT – Daily news

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