On the fifteenth day of Russia’s invasion of Ukraine, President Vladimir Putin comes with several strong reactions and warnings. This after the world continues to pressure the country with further reactions.
US President Joe Biden confirmed on Tuesday afternoon that the US is banning the import of Russian oil. A sanction Putin now calls illegitimate, according to Reuters.
“Russia is sticking to its energy supply commitments,” President Vladimir Putin said at a cabinet meeting after the ban was announced.
The president did not stop there.
Putin has three choices
– Prices will increase
Putin says Western sanctions against Russia are not legitimate and that Western governments are fooling their own people.
The Russian president believes Russia should solve its problems in a calm way.
“It is clear that people’s demand for certain product groups is always increasing in such moments, but we have no doubt that we will solve all these problems while working calmly,” Putin said.
The President also strongly warns of a large increase in fertilizer prices.
According to the news agency TASSPutin is said to have said that blocking the supply of Russian fertilizer will have serious consequences in the world, as will oil, gas and metals.
– Russia and Belarus are one of the largest suppliers of mineral fertilizers to world markets. If we continue to create problems with financing this work, in insurance, logistics and delivery of our goods, then prices are already prohibitive and they will increase even more, warns Putin, according to the state-owned news agency.
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– Now it’s getting worse
– Fertilizer is a very important area. An extremely acute situation is developing in the world, he continued.
Russia has, according to the president, agreements with “friendly” countries to meet their needs for fertilizer.
“Even before some incidents associated with Ukraine, it was already difficult, and now it is getting worse,” Putin said.
The warnings do not stop there either.
“Global food prices will rise further if Western nations increase economic pressure on Russia, as a major global fertilizer producer,” the president said.
At the same government meeting, the Russian Minister of Agriculture, Dmitry Patrushev, said that Russian food security had been ensured and that Moscow would continue to serve its export obligations for global agricultural markets, according to Reuters.
The case continues below the graphic.
– The West is waging economic war
Putin says Russia will emerge stronger from this, and become more independent after overcoming the difficulties of what he calls “the West’s illegitimate sanctions.”
According to the president, there should be no alternative to the “special military operation” in Ukraine, and that the country can not accept “to compromise with its sovereignty” for a short-term economic gain.
“These sanctions would have been imposed anyway,” Putin said in a meeting with the Russian government, adding:
– There are some questions, problems and difficulties, but we have previously overcome them and we will overcome them.
– Putin has no way out
The country is said to have initiated measures to limit the outflow of capital and they will service the external debt with rubles, according to Finance Minister Anton Siluanov.
“Over the past two weeks, Western countries have been waging an economic and financial war against Russia,” Siluanov was quoted as saying by Reuters.
By freezing the gold and foreign exchange reserves, he believes the West has breached its obligations to Russia.
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