Washington hits back at 'desperate' Putin after he slammed U.S. 'dictatorship'

The White House deed backmost astatine Russian President Vladimir Putin aft helium repeatedly slammed the U.S. and Western satellite successful a wide-ranging speech.

Putin claimed planetary sanctions imposed connected Russia pursuing its unprovoked penetration of Ukraine were a "danger" to the world. He added that the U.S. was consenting to sacrifice Europe, which is experiencing a outgo of surviving situation arsenic vigor prices soar arsenic the warfare continues, in bid to sphere what helium called its planetary "dictatorship."

Speaking astatine the Eastern Economic Forum successful Vladivostok Wednesday, Putin slammed the corporate West, singling retired the U.S. to blasted it for the economical symptom that sanctions connected Russia are causing Europe and beyond arsenic planetary vigor and nutrient prices soar.

Washington defended its stance toward Russia, a state wide condemned by the West for its continuing warfare connected Ukraine, with a State Department spokesperson telling CNBC successful emailed comments that "sanctions and export controls are working, and President Putin is hopeless to person the satellite otherwise."

"Despite President Putin's comments astatine the Eastern Economic Forum, Russia is paying a dense terms for his full-scale warfare connected Ukraine, which continues to effect successful climbing costs – tens of thousands of Russian soldiers killed, 14 cardinal Ukrainian citizens forced to fly their homes, historical cities pounded to rubble – each due to the fact that Putin is determined to conquer different country," they added.

Russia's ain argumentation makers – including its concern curate – person conceded that sanctions person caused the state superior challenges, according to the State Dept. spokesman. "Russia's system is susceptible to the cutoff from the planetary system and volition surely endure a sustained diminution successful economical activity.  Putin's warfare is projected to hitch retired overmuch of Russia's economical gains implicit the past 15 years."

The Russian authorities is being forced to walk much and much to prop up its economy, the spokesperson noted, adding that authoritative Russian sources enactment the country's fund shortage astatine implicit $15 cardinal successful the period of July alone.

Putin has sought to mitigate the wound of sanctions by turning to India and China to merchantability its oil. Reuters reported successful August that the Russian system ministry expects higher lipid export volumes, coupled with rising state prices, to boost Russia's net from vigor exports to $337.5 cardinal this year, a 38% emergence connected 2021.

On Wednesday, Putin said Russia would station a fund surplus this year, but conceded that maturation was being deed and gross home merchandise would autumn by "around 2% oregon a small more."

Russia's cardinal slope has gloomier expectations for the system arsenic wintertime approaches, forecasting a deepening contraction (of 7%) successful the 3rd quarter, pursuing a 4.3% slump successful the 2nd quarter, Reuters said past period citing a study from the cardinal bank. The slope expects the system to commencement recovering successful the 2nd fractional of 2023. Annual ostentation stood astatine 15.1% successful July, above the EU complaint of 9.8% successful the aforesaid month.