Russian telegram:

Some excerpts of Putin's speech, at the SPIEF. These sentences might be muddled and a little mistranslated but this is the gist of what he's saying:

The era of the unipolar world order has ended, despite all attempts to preserve it by any means. After the Cold War, the United States declared itself "God's messengers on earth", without responsibility, only with interests. The elites of Western states are in illusions, clinging to the shadow of the past and denying the changing reality. It is a mistake to believe that the time of rapid changes can be overstayed and everything will return to normal, as it will not be before.

Gloomy forecasts about the future of the Russian economy — have not come true. Sanctions against Russia are insane and thoughtless. Russia can cope with any challenge and solve, like our ancestors, any task. Spells about the dollar at 200 and other Western forecasts are part of the information war.

The Russian budget in 2022 will be executed with a surplus of 3 trillion rubles. [53 billion USD, at current exchange rates] The mortgage rate will go down to 7%.

The sanctions weapon is double–edged. Sanctions can be used against any undesirable state. European companies may also become their target. In the meantime, the EU itself has dealt a blow to its economy. European countries do not conduct any special military operations, and their inflation has increased to 20%. Only direct losses of the EU from the sanctions fever can exceed $400 billion in a year. These costs are borne by people. The EU has finally lost its political sovereignty.

The Russian military operation in Donbass has nothing to do with the problems of the economy of Western countries. The allegations that the deterioration of the economic situation in Europe is a consequence of the special operation of the Russian Federation are a distortion of facts.

The United States was a major supplier of food, and now it has turned into a net importer. The States print money and buy products all over the world. The money supply in the USA has grown by 38% in 2 years, in the EU by 20%. The economy of imaginary entities is being replaced by the economy of real assets. And why exchange goods for dollars and euros? Russia is not involved in the rise in energy prices in Europe, it began long before the special operation.

A possible famine in the poorest countries will be entirely on the conscience of the United States and the European bureaucracy. Russia will prioritize sending supplies to those countries where there is a great risk of famine. They have done things themselves and are looking for the culprits. The miscalculations of Western countries have caused the rise in energy prices and the global energy crisis. Russia would be pleased to hear that it is so omnipotent and it makes everyone feverish, but this is not the case. Russia does not prevent the export of food from Ukraine. There are 5-6 options for exporting Ukrainian grain, let the Kiev authorities decide for themselves how to do it, without focusing on their owners from overseas.

All the tasks of the special operation in Ukraine will be solved. The key to this is the heroism of Russian soldiers and the consolidation of Russian society. The special operation in Ukraine is a decision of a sovereign country based on the right to defend its security.

Western sanctions were based on an erroneous thesis. The West believed that the Russian economy was not independent. He did not take into account how Russia has changed in recent years. The Russian economy will be based on openness in its development. Everyone who wants to continue and works with the Russian Federation is being threatened by the United States. However, this means little when real leaders are at the helm of the country, those who think about the sovereignty of their country and the well-being of their population.

Russia will never follow the path of autarky. Russia's long-term development will be based on entrepreneurial freedom. It is necessary to ensure the development of the economy based on private business, and then remove the administrative burden. We expect that in the near future cargo traffic along the transport corridor will begin to grow steadily. Real lasting success, a sense of dignity and self—respect come only when you connect your future and the future of your children with your Homeland. Russia has a huge potential — invest here, support education, sports and universities.

Some reserve currencies are committing suicide today. Recent events have confirmed that houses are safer — those who did not want to hear it lost millions. The goal of achieving inflation of 4% in Russia remains. Already this year, it is necessary to achieve a reduction in the level of poverty and an increase in the incomes of citizens, this is the main indicator for assessing the authorities. The basic principle of Russia — to spend as much as they earned — remains. Russia must build technological sovereignty.

Russia will direct part of the export duties on food to improve the standard of living in rural areas. Import substitution is not a panacea. It is necessary to be one step ahead and create new world standards. It is not necessary to produce anything and everything, but it is important to be able to create critical products. Russian payment system "Mir" has successfully replaced foreign ones and is used in a large number of countries.