The expert explained what is Biden's fault before the US, EU, Russia and Ukraine

US President Joe Biden. Archival photoMOSCOW, May 17. The role of the current US President Joe Biden in the current global crisis, primarily in inflation, is significant, but it does not determine the situation, Vasily, an expert in political economy research, told the Prime agency Koltashov. «Let's be honest, Joseph Biden is not entirely to blame for the current inflation in the United States,» he argues. «All American presidents, starting with George W. Bush, are responsible for it.» The economist especially notes Barack Obama in this regard. He recalled that the policy of low and ultra-low interest rates pursued by Obama and his successor Donald Trump, coupled with the flooding of financial markets with money, caused a jump in inflation, which we are now seeing in the United States. Biden and his associates only accelerated this process — they did not surrender Ukraine, but turned it into a battlefield against Russia, drawing Europe into it. This unleashed the round of inflation even more, Koltashov concluded.