Europe’s policies will lead to rise in extremist sentiments: Putin at Russia economic meet

Russian President Vladimir Putin took the stage at the 2022 St Petersburg International Economic Forum (SPIEF 2022) in Russia and warned that the wrong policies currently in place in Europe would lead to a rise in extremist and nationalist sentiments. He further added that Europe will soon face degradation and that current elites on the continent would be replaced.

The speech given by Kremlin chief, Vladimir Putin, was translated from Russian into English by a Twitter user in his posts.

“Current wrong policies will lead to an increase in nationalist and extremist sentiments in European society,” said Vladimir Putin, adding “there will be a deep degradation in Europe, current elites are going to be replaced.”

The Russian President, who is also the chair of SPIEF 2022, wasted no time attacking the United States. Putin slammed the willful blindness of the US and the Western powers for turning a blind eye following the Cold War.

Putin said that the US had ignored the emergence of new increasingly assertive centres of power around the planet in recent decades.

“The United States, having declared victory in the Cold War, declared themselves the messengers of God on earth, who have no obligations, but only interests. They seem not to notice that new powerful centres have formed on the planet,” said the Russian President.


He further accused the European Union of losing its political sovereignty. “EU’s elites are dancing to someone else’s tune, causing harm to their own population,” said Putin. “Hunger in the poorest countries will be on the conscience of the West and the so-called European democracies,” he added.

The Kremlin chief, in his speech, alleged that the world has been systematically driven into a huge global crisis by the countries of the so-called ‘G7’.

The SPIEF is one of the world’s biggest and most important business events and has been held annually since 1997. Since 2005, it has been held under the auspices of the President of the Russian Federation.

Putin stated that Russia is entering the coming era as a powerful sovereign country. “Only strong sovereign states can have their say in the emerging world order, or are doomed to remain or become a colony,” he said.

While strongly stating that the current economic crisis has not arisen in the last 3-4 months and that it was Russia’s fault, the Russian president said, “We would be pleased to be so omnipotent.”

“The situation has been getting worse for years, due to activities of those who planned to break trade flows,” stressed President Putin during his speech at SPIEF 2022, which features Egypt as the guest country.

The four-day forum concluded on Saturday, June 18, and witnessed the participation of over 13,500 dignitaries and guests from across the planet.

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