Permalink US, EU inflation result of ‘unprecedented’ money-printing – Putin

The Russian leader pointed to the US “printing press” and EU “green energy” policies.

Inflation in the US is a consequence of mistakes by American financial authorities, which they admitted to, while in the EU it has more to do with short-sighted energy policies in Brussels, Russian President Vladimir Putin said on Friday. Either way, it has nothing to do with Moscow or its actions in Ukraine, he added. Attempts to blame the turmoil in Ukraine for the skyrocketing cost of living in the West amount to dodging responsibility, Putin said in a TV interview that followed his meeting with the African Union head Macky Sall in Sochi. [...] As for the EU, Putin suggested the inflation there was due to the “short-sighted policy” of the European Commission in the energy sector in promoting the “green agenda” out of climate concerns. The Europeans also rejected Russian proposals for long-term natural gas contracts, which drove up prices on the spot market. “Everything is interconnected,” the Russian leader said, noting that rising gas prices then “dramatically” drove up the price of fertilizer – among other things – and turned many industries unprofitable, forcing them to close.

Looming Price Hikes on Food Set to Hit Americans This Fall (The Epoch Times)


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