.png)
.png)
Speaking to Belarusian President Alexander Lukashenko in Sochi, Russia, Putin said that Russia's economy had performed well in the face of Western sanctions, as per Reuters.
The Russian rouble has rallied over the last month since it became Moscow's only accepted currency for gas purchases and soared to 57.5 against the US dollar on Monday after plunging to an all-time low of 150 to the dollar in March.
"On the economy, thanks are really due to [the West] as they have given us such a push to our own development," Lukashenko told Putin at the meeting, which was televised, according to Reuters.
"What is happening over there is that they really underestimated it by reading their own media. They got inflation yet the truth is 'Putin is to blame,' 'Putin is to blame for everything,'" Lukashenko continued.
Reuters reported that Putin forced a smile and nodded in response to Lukashenko's comments.
The White House has sought to pin the US' rapid inflation rate on Putin, with US President Joe Biden saying that "Putin's price hike" on oil has hurt American families at the gas pump.
In March, oil prices skyrocketed to their highest level since 2012. Meanwhile, global food prices reached their highest-ever peak in the same month amid are duction in at least a quarter of the world's supply of wheat and grain due to the war in Ukraine.
Shrinking global economies stirs recession fears
There's some relief for investors, with U.S. stocks ending higher on Monday, following Wall Street's longest streak of weekly declines. Markets have been the victim of persistently high inflation and attempts by the Federal Reserve to rein it in. On a global scale, the economy is also still trying to cope with the ongoing fallout from Russia's invasion of Ukraine...
THANK YOU INSIDER FOR THE ARTICLE
.png)
.png)
.png)
.png)
Contribute to your future, a Non Profit Organization and buy us a Coffee with 3 simple clicks and a minute of your time. Imagine what we can do together.
To thank you, we will call you personally.
This is the amount that will be distributed amongst the current shareholders.
Current Share Holders
89/500,000
.png)