The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.
The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule, he said. The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation, he said.
https://www.rt.com/businessPutin's hypocrisy has no limits. Violation of the rules should not be a new rule, he said, and at the same time, he, as President of Russia, violates all international cooperation agreements between this state and other countries and advocates that these countries do not have the right to retaliate unilateral individual or collective sanctions against the offender.
Now the world because of its imperial ambitions Putin and piracy methods in international relations really stands on the verge of the Third World War. He is the cause of such international tension.