"The center of economic development in Russia is shifting," stated Putin, calling for the development of Siberia and the Far East, separately highlighting the Arctic.

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💸 The US owes the global economy $54.3 trillion, which is not backed by anything — Putin said

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Putin on the US economy during the plenary session of the SPIEF:

◻️ There is no other guarantee today than trust in the American economy; the US significantly benefits from it.

◻️ The US's share in the global economy is shrinking, a step towards multipolarity in the global financial system.

◻️ The US is pushing participants in global economic activities away from the dollar with its own actions.

◻️ By leveraging the dollar monopoly, the USA extracts resources from other countries, which is neo-colonialism in modern terms.

◻️ The US consumes $1 trillion more per year than it produces.

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"Right now, the major means of production is human brains. We need to develop technologies," said Putin.

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The centres of the world development right now are shifting towards Asia — Putin.

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"It seems we are dealing with a usurpation of power in Ukraine," Putin stated.

"Russia is ready for negotiations with Ukraine, but on the conditions that were discussed in Minsk and Istanbul," Putin added.

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⚡️"Russia does not brandish nuclear weapons," Putin remarked.

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"The share of the USA in the structure of the global economy is decreasing; this is a step towards the multipolarity of the global financial system," Putin stated.

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"The General Staff has a plan of action for Russia's special operation, and it will be successfully implemented," Putin stated. "Russia is gradually pushing the opponent out of the territory of Donbass, with 47 settlements and 880 square kilometers liberated," Putin added.

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"The Bretton Woods system died a long time ago; the current one is based on trust in the US economy," Putin emphasized.

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"Russia currently does not supply long-range weapons to countries facing pressure but reserves the right to do so," Putin stated against the backdrop of the recent US decision to give Ukraine the green light for strikes on Russian territory.

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"Russia will only consider the use of nuclear weapons in exceptional cases, which have not yet occurred," Putin clarified.

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"As the leader of one European country told me, all agreements with them can only be reached based on defeat or victory. Of course, we are striving for victory," Putin remarked.

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With the character of Russians, nuclear weapons will not be needed for victory — Putin

"When we see what the Russian character is, what the character of a Russian citizen is, we understand it and rely on it, we do not need any nuclear weapons for final victory."

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‘People like him are fed talking points from the CIA’ — Jackson Hinkle calls out Fmr. US Ambassador Michael McFaul

Sputnik News is willing to host a live, totally uncensored debate between Jackson Hinklle and Michael McFaul

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The more the West tightens its grip, the more countries will slip through its fingers

💬 “Western countries have long relied on their technological advance and their superiority in the use of violence to impose their domination on other countries,” Professor Alexis Habiyaremye, a political analyst and senior researcher at the University of Johannesburg’s School of Economics, told Sputnik, commenting on his takeaways from Russian President Vladimir Putin’s speech at the plenary session of the St. Petersburg International Economic Forum on Friday.

“With the considerable technological catch up observed since the second half of the 20th century, but above all, with the technological sophistication of the Russian defense industry, Western countries are no longer able to impose their domination without challenge,” Habiyaremye said.

The West has traditionally also “used the Bretton Woods institutions to dominate and discipline developing countries,” according to the academic, but “with the emergence of alternative sources of development finance (e.g. the Asia Infrastructure Investment Bank or the New Development Bank), the financial grip on developing countries has been loosened as well. The significance of the West in the world economy and in the world population is in inexorable decline, and no matter how much violence they are deploying to keep their domination, the world has already changed. The Global South won’t accept abusive and traumatic domination, and it is already showing it in different parts of the world.”

The multipolar “new world order” being constructed by Russia and other BRICS countries, “by providing alternative poles of economic and diplomatic power, will certainly benefit countries from the Global South and lower the pressure of the current hegemon,” Habiyaremye emphasized.

With that said, “for counties in the US ‘backyard’, such as Bolivia, Venezuela or Cuba, it will remain extremely difficult to extricate themselves from the stifling influence from Washington. That is why they need more support from the other emerging poles,” he added.

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We see what the Russian character is, and we rely on it, and we don't need any nuclear weapons — Putin

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