The pandemic has been replaced by new challenges of a global nature, carrying a threat to the whole world, I'm talking about the sanctions rush in the West and the West's blatantly aggressive attempts to impose their modus vivendi on other countries, to take away their sovereignty, to submit them to their will," Putin told delegates at Russia's Eastern Economic Forum in the port city of Vladivostok on Russia's Pacific coast.
"The high level of industrial development in Europe, the standard of living, social and economic stability all of this is being thrown onto the fire of sanctions," he added.
"They are being wasted on orders from Washington in the name of so-called Euro-Atlantic unity. Though in reality, they are basically being sacrificed in the name of preserving the U.S. dictatorship in global affairs," Putin said.
CNBC has contacted the White House for a response to Putin's comments and is awaiting a reply.
The questions are Is the White House leading of these sanctions and did it negatively impacted the world including Europe?
How high is the price of letting the current sanctions continue with Europe is going into recession? Just a thought.
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