Putin Declares Western Sanctions Have Failed, Citing Strong Ties with China and India
Tehran - BORNA - Russian President Vladimir Putin spoke late Tuesday at an economic and investment forum, declaring that "the West has failed in managing the global economy with sanctions." He acknowledged that Russia feels external pressure but asserted that its economy is "successfully coping with the challenges."
As reported by Sputnik, the Russian President further stated that Western countries aim to eliminate rivals and preserve their former privileges and monopolies, which are currently fading. He added that "the turmoil in the modern world is caused by the non-competitive actions of some Western countries."
Strategic Alliance with India and China
Putin stressed that Russia, China, and India have united through years of friendship and strategic cooperation, emphasizing that "the overwhelming majority of the world's countries have a pragmatic approach, and Russia will cooperate with them."
He also announced numerous joint projects between Russia, India, and China in the fields of energy, industry, and agriculture, stating that Russia intends to elevate cooperation with China and India to a "new qualitative level" by increasing the technological component.
The Russian President recalled that he will discuss and consult with Indian Prime Minister Narendra Modi on increasing the import of Indian goods into the Russian market.
Russia's Stable Economic Outlook
In describing his country's economic situation, Vladimir Putin noted that "the general financial situation in Russia is stable, and Russia's budget priorities are fully funded."
He emphasized that Russia is ready to cooperate with foreign companies, stating: "Russia pursues a balanced and responsible budget policy, and Russia's budget deficit remains moderate. Moreover, Russia's national debt remains one of the lowest in the world."
He added that inflation reduction has become a significant achievement in Russia in 2025, projecting that "annual inflation in Russia will fall below 6 percent by the end of December, which is lower than forecasts."
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