Russian President Vladimir Putin. File photoMOSCOW, June 22Western countries are pursuing an irresponsible macroeconomic policy, including the printing press and uncontrolled emission, which negatively affects the well-being of the population of all countries, Russian President Vladimir Putin said in his address to the participants of the BRICS business forum , which will be held on June 23-24. «Business development for entrepreneurs in our countries is in difficult conditions, when Western partners neglect the basic principles of a market economy, free trade, and inviolability of private property. They are pursuing an essentially irresponsible macroeconomic course, including the launch of a printing press, uncontrolled emission of and the accumulation of unsecured debts,» Putin said. The President of the Russian Federation added that Western countries continue to impose politically motivated sanctions, strengthen the mechanisms of pressure on competitors, destroy transport and logistics chains. «All this is contrary to common sense and elementary economic logic, etc. is to the detriment of business interests on a global scale, negatively affects the well-being of the population in essentially all countries,» Putin emphasized. frightening trend» in the economy
