Unilateral sanctions, debt threaten global stability – Putin

Russian President Vladimir Putin warned on Wednesday of a potential new global crisis, citing the growing debt burden in developed countries, unilateral sanctions, and protectionist policies as key threats.

Speaking at the BRICS summit, Putin emphasised that these factors are fragmenting international trade and foreign investment, particularly in developing nations.

He also pointed to high commodity price volatility and rising inflation, which are eroding incomes and corporate profits in many countries. Putin’s remarks highlight concerns over escalating geopolitical tensions and their impact on global economic stability.