Putin claims the U.S. wants to preserve global 'dictatorship' and is sacrificing Europe

Russian President Vladimir Putin connected Wednesday accused the U.S. of wanting to support a "dictatorship" implicit planetary affairs astatine the disbursal of Europe and the remainder of the world.

Putin slammed the West repeatedly during a code to concern leaders gathered successful acold eastbound Russia, saying sanctions imposed connected Moscow for its penetration of Ukraine were a "danger" to the full satellite and near Europe worse off.

"The pandemic has been replaced by caller challenges of a planetary nature, carrying a menace to the full world, I'm talking astir the sanctions unreserved successful the West and the West's blatantly assertive attempts to enforce their modus vivendi connected different countries, to instrumentality distant their sovereignty, to taxable them to their will," Putin told delegates astatine Russia's Eastern Economic Forum successful the larboard metropolis of Vladivostok connected Russia's Pacific coast.

"The precocious level of concern improvement successful Europe, the modular of living, societal and economical stableness — each of this is being thrown onto the occurrence of sanctions," helium added.

"They are being wasted connected orders from Washington successful the sanction of alleged Euro-Atlantic unity. Though successful reality, they are fundamentally being sacrificed successful the sanction of preserving the U.S. dictatorship successful planetary affairs," Putin said.

CNBC has contacted the White House for a effect to Putin's comments and is awaiting a reply.

Russia is wide believed to person been taken aback by the West's assertive and unified effect against its unprovoked penetration of Ukraine, which began backmost successful February, with an ever-increasing fig of sanctions being leveled astatine the Russian system and unit and businesses linked to the Kremlin.

The EU is trying to signifier retired vigor imports, peculiarly of earthy gas, from Russia — a determination that comes astatine a tricky clip for the bloc arsenic it deals with rampant ostentation and a cost-of-living crisis.

Unsurprisingly, Moscow has taken a dim presumption of sanctions and has sought to circumnavigate the damaging economical consequences of these by turning to its allies successful Asia to merchantability its oil.

Meanwhile, successful Ukraine, the warfare continues to origin untold misery to civilians and decease and destruction.

The United Nations' said this week that, from Feb. 24 erstwhile the penetration began to Sept. 4, 13,917 civilian casualties had been recorded successful Ukraine with 5,718 killed and 8,199 injured — though the existent fig is apt to beryllium far, acold higher fixed the chaotic quality of signaling specified information during times of war.

Millions of Ukrainians person been displaced from the state during the war, with Russia accused of aggregate warfare crimes and of repeatedly targeting civilian infrastructure, which it denies doing contempt an overwhelming and mounting magnitude of evidence.

U.S. President Joe Biden has called Putin a "war criminal" but connected Tuesday refused to designate Russia arsenic a authorities sponsor of terrorism, a statement Ukraine has called for. The EU has said Russia is "weaponizing" vigor supplies to blackmail it into sanctions relief.

Russia presently occupies a swathe of territory successful eastbound and confederate Ukraine but Kyiv's forces person precocious launched a counteroffensive to reclaim mislaid land.

Russia's president, who has been mostly ostracized by developed Western countries pursuing Russia's unprovoked penetration of Ukraine, said helium believed the existent concern had been precipitated by the U.S.'s "slipping dominance" successful planetary authorities and economics.

He said the West had been reluctant to admit "irreversible tectonic shifts" successful planetary authorities and planetary relations, peculiarly a pivot east.

Describing the Asia-Pacific portion arsenic a "magnet" for quality resources, superior and accumulation capacities, Putin said that "despite that, Western countries are trying to support the aged satellite bid that lone benefitted them."

On Tuesday, Putin announced that China volition wage for state from Russia's state-owned state institution Gazprom in some their currencies, the ruble and Chinese yuan, signaling a further effort by some countries to sideline the dollar.

"Western countries person undermined the cardinal pillars of the satellite economical strategy built implicit centuries," Putin said.

"We person seen the nonaccomplishment successful spot successful the dollar, and the euro and the lb arsenic the currencies successful which you tin transportation retired transactions, clasp deposits oregon assets and that is why, measurement by step, we are moving distant from the usage of these unreliable, compromised currencies," helium said.

Russia itself is facing a hard wintertime with the cardinal slope forecasting a deepening contraction successful the 3rd quarter.

Gross home merchandise volition autumn by 7% successful the 3rd 4th aft contracting by 4.3% successful the 2nd quarter, Reuters reported past period citing a study from the cardinal bank. The slope forecast that the system volition commencement recovering successful the 2nd fractional of 2023. Inflation stood astatine 15.1% successful July, above the EU complaint of 9.8% successful the aforesaid month.

Speaking to concern leaders Wednesday, Putin said Russia would station a fund surplus this twelvemonth and that GDP would autumn by "around 2% oregon a small more."