The Russian president has criticized the number of sanctions imposed upon the country by the west and has called for a payment system independent from external interference.
Putin Calls Sanctions “Illegitimate”
According to Russian President Vladimir Putin, the global financial payment system is highly monopolized. He has criticized the west’s decision to impose sanctions on Russia following his invasion of Ukraine, calling them “illegitimate restrictions.” Putin addressed the financial concerns of international settlements facing the threats of sanctions due to the tense relations between Russia and the Western superpowers.
He pointed out,
“The existing system of international payments is expensive, the system of its correspondent accounts and regulation are controlled by a narrow club of states and financial groups.”
“No Interference In International Payments”
He made the comments during his speech at the International AI Journey Conference organized by Russ
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