Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War

Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War

Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war, with illegitimate anti-Russian sanctions that are unprecedented in scale.”
Putin on Financial Crisis and War
Russia’s President Vladimir Putin spoke about various issues at the virtual summit of the Shanghai Cooperation Organisation (SCO) Heads of State Council on Tuesday. The meeting was also attended by Chinese President Xi Jinping.
Besides pushing for increased use of national currencies in trade settlements, Putin stated that the SCO ”is strongly committed to creating a truly just and multipolar world order — an order based on international law and common principles of mutually respectful cooperation between sovereign states.” He added:
This is especially important today, when geopolitical discord grows bigger, the d

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