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Russia’s President Vladimir Putin \u00a9 Kremlin Press Service \/ Handout \/ Anadolu Agency via Getty Images<\/p><\/div><\/p>\n
RT.com<\/p>\n
Russian President Vladimir Putin has opined that the latest\u00a0rounds of unprecedented sanctions imposed on Russia by the US and its allies over the Kremlin\u2019s military campaign in Ukraine, mark the end of an era. According to Putin, from now on the West will be losing its\u00a0\u201cglobal dominance\u201d<\/em>\u00a0both politically and economically.<\/p>\n Speaking on Wednesday, the Russian head of state proclaimed that the\u00a0\u201cmyth of the Western welfare state, of the so-called golden billion, is crumbling.\u201d<\/em>\u00a0Moreover, it is the\u00a0\u201cwhole planet that is having to pay the price for the West\u2019s ambitions, and its attempts to retain its vanishing dominance at any cost,\u201d<\/em>\u00a0Putin said.<\/p>\n The president predicted food shortages across the world as Western sanctions against Russia\u00a0are adversely affecting the entire global economy.<\/p>\n Touching on the decision by several Western powers to freeze Russia\u2019s central bank assets, Putin claimed that this would only serve to irreparably undermine trust in those nations, and make other\u00a0countries think twice before placing their reserves in the care of those countries. According to him, nearly half of Moscow\u2019s assets were\u00a0\u201csimply stolen\u201d<\/em>\u00a0by the West.<\/p>\n Addressing people in the West, the Russian leader said the massive sanctions imposed on Russia were already backfiring on the US and Europe themselves, with governments there trying hard to convince their citizens that Russia was to blame.<\/p>\n Putin warned ordinary people in the West that attempts to portray Moscow as the primary source of all their woes were lies, with a lot of those issues being the direct result of the Western governments\u2019\u00a0\u201cambitions\u201d<\/em>\u00a0and\u00a0\u201cpolitical short-sightedness.\u201d<\/em><\/p>\n The Western elites, according to Putin, have turned their countries into an\u00a0\u201cempire of lies,\u201d<\/em> but Russia will keep on presenting its own position to the whole world, no matter what.<\/p>\n