Putin slams Western sanctions as damaging to the global economy

Business

ST. PETERSBURG, Russia (AP) — Russian President Vladimir Putin said Friday that developing countries have gained an increasingly important role in the global economy, while the share of output by Western countries has shrunk. In a speech to the annual St. Petersburg International Economic Forum, Putin accused the West of undermining the global economy and finances with unilateral sanctions. By freezing Russian assets abroad through sanctions, Western nations eroded trust in their own currencies,

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