Putin accused European countries of destroying the global system of financial relations

Russian President Vladimir Putin expressed the opinion that European jurisdictions have ceased to be “safe havens” for entrepreneurs. According to him, through the efforts of European countries, property rights were crossed out and the system of financial relations was destroyed.

Vladimir Putin noted that the “friend or foe” principle now applies in the jurisdictions of European countries, according to which “a stranger can be robbed” and “left with nothing.” “His assets, enterprises, companies can be blocked, taken away and even liquidated as a result of sabotage, as was the case with Nord Streams,” the president said during the VTB forum “Russia Calling!”

According to Vladimir Putin, the rules established by European countries are destroying financial, trade and economic relations that have been “built for decades.” “By the way, the financial infrastructure, which is based on the predominance of the dollar and the euro, conducting payments exclusively through Western banks and the SWIFT system, is also discredited,” the president said.

VTB Forum “Russia Calling!” takes place December 7-8 at the World Trade Center. The main theme of the forum is “Life without globalization: uniting sovereign economies.” The forum has been held since 2009. It did not take place in 2022; in 2021 it was held online.