AP

Putin: Russian economy to overcome ‘reckless’ sanctions

Jun 17, 2022, 7:58 AM | Updated: Jun 18, 2022, 6:00 am

Russian President Vladimir Putin, left, Margarita Simonyan, the head of the Russian television chan...

Russian President Vladimir Putin, left, Margarita Simonyan, the head of the Russian television channel RT, center, and Kazakhstan's President Kassym-Jomart Tokayev attend a plenary session of the St. Petersburg International Economic Forum in St.Petersburg, Russia, Friday, June 17, 2022. Putin began his address to the St. Petersburg International Economic Forum with a lengthy denunciation of countries that he contends want to weaken Russia, including the United States who, he said, "declared victory in the Cold war and later came to think of themselves as God's own messengers on planet Earth." (AP Photo/Dmitri Lovetsky)

(AP Photo/Dmitri Lovetsky)

ST. PETERSBURG, Russia (AP) — President Vladimir Putin said at Russia’s showpiece investment conference Friday that the country’s economy will overcome “reckless and insane” sanctions, while condemning the United States for acting like “God’s own messengers on planet Earth.”

Putin began his address to the St. Petersburg International Economic Forum with a lengthy denunciation of countries that he contends want to weaken Russia, including the United States.

He said the U.S. “declared victory in the Cold War and later came to think of themselves as God’s own messengers on planet Earth.”

Russia came under a wide array of sanctions after sending troops into Ukraine in February. Hundreds of foreign companies also suspended operations in Russia or pulled out of the country entirely.

Putin said trying to damage the Russian economy “didn’t work.”

“Russian enterprises and government authorities worked in a composed and professional manner,” he said. “We’re normalizing the economic situation. We stabilized the financial markets, the banking system, the trade system.”

Russia’s projected inflation rate has fallen marginally, but the current projected annual rate of 16.7% is still too high, he said.

Putin also vehemently defended his country’s actions in Ukraine. Russia has contended its neighbor posed a threat because of its desire to join the NATO military alliance.

“In the current situation, against a backdrop of soaring risks and threats, Russia’s decision to conduct a special military operation was a forced one,” the Russian leader said. “It was very hard to make it, but it was forced and necessary. It was a decision by a sovereign country that has an unconditional right, based on the U.N. Charter, to defend its security.”

Putin predicted Russia’s success in Ukraine after more than 16 weeks of fighting.

“All of the special military operation’s objectives will definitely be attained,” he said. “This is predetermined by the courage and heroism of our warriors, the consolidation of Russian society, whose support gives strength and confidence to Russia’s army and navy, the profound understanding of the rightness and historic justice of our cause.”

Russia also “will accept any of the choices” the Donetsk and Luhansk People’s Republics in the Donbas region of eastern Ukraine make about their futures, Putin said. There’s been consistent speculation that the separatist territories will hold votes on joining Russia, similar to when Russia annexed Crimea in 2014. Separatist leaders of the two areas have expressed the desire for such a referendum.

Russia recognized the two areas as independent states days before sending troops to Ukraine, a move none of its allies have so far repeated. Kazakhstan’s President Kassym-Jomart Tokayev, who sat on the stage alongside Putin at the St. Petersburg forum on Friday, said the Central Asian nation is unlikely to do so and called the self-proclaimed republics “quasi-state territories.”

The fighting in Ukraine has raised fears of a global food crisis because it has interrupted food exports, particularly of grain.

Putin said Russia could “significantly increase its export of food and fertilizer” but expressed concern that Ukraine might use income from exports to pay for weapons it has received from other countries.

___

Heintz reported from Moscow.

.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Most Americans are sleepy new Gallup poll finds...

Associated Press

Most Americans say they don’t get enough sleep, according to new Gallup poll

A new Gallup poll found that most Americans are sleepy — or, at least, they say they are. Multiple factors play into this.

1 day ago

Near-total abortion ban in Arizona dates back to Civil War era...

Associated Press

Near-total abortion ban dates back to 1864, during the Civil War, before Arizona was a state

The near-total abortion ban resurrected last week by the Arizona Supreme Court dates to 1864, when settlers were encroaching on tribal lands.

1 day ago

Tracy Toulou...

Associated Press

How to tackle crime in Indian Country? Empower tribal justice, ex-Justice Department official says

A recently retired director of the Justice Dept. says the federal government hasn't given tribal justice systems equal recognition.

2 days ago

Speaker of the House Mike Johnson...

Associated Press

House Speaker Mike Johnson says he will push for aid to Israel and Ukraine this week

House Speaker Mike Johnson said Sunday he will try to advance wartime aid for Israel this week, along with funding for Ukraine.

2 days ago

President Joe Biden speaks at a campaign rally Saturday, March 9, 2024, at Pullman Yards in Atlanta...

Associated Press

US shoots down ‘nearly all’ Iran-launched attack drones as Biden vows support for Israel’s defense

Joe Biden cut short a weekend stay at his beach house to meet with his national security team as Iran launched an attack against Israel.

3 days ago

Protesters in Phoenix shout as they join thousands marching around the Arizona state Capitol after ...

Associated Press

Abortion ruling supercharges Arizona to be an especially important swing state

A ruling this week instituting a near-total abortion ban supercharged Arizona's role, turning it into the most critical battleground.

4 days ago

Sponsored Articles

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

DESERT INSTITUTE FOR SPINE CARE

Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.

...

Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

Putin: Russian economy to overcome ‘reckless’ sanctions