Putin’s Speech at the Saint Petersburg Economic Forum Focuses on the Ukraine Conflict

This is the full live feed with English dubbing. It’s 3.5 hours long, but the speech itself is not that long. 

Russian President Vladimir Putin spoke at the St. Petersburg International Economic Forum (SPIEF) on Friday. Representatives of more than 100 nations are in attendance. This is after all of them were pressured by the West not to attend.

The whole world, save the “International Community,” is standing with Russia against the West.

I post this a lot because it is very important.

Putin’s speech was mostly about the Ukraine conflict.

Here are the top highlights from RT:

Ukrainian counteroffensive yielding heavy losses – and no gains

Russia’s president provided an update on the ongoing long-heralded Ukrainian counteroffensive, which began tentatively in early June. To date, Kiev’s forces have lost some 186 tanks and 418 armored vehicles of other types, according to Putin.

“Their losses are very heavy – about more than one in ten compared to the Russian army. That is a fact. In terms of hardware, the loss of this equipment is growing every day,” he said, adding that Kiev has thus far failed to achieve its goals, wasting its strategic reserves in the push against Russia’s forces.

Western military aid will not help Ukraine

The intensified military action has caused a rapid depletion of Ukraine’s own war materiel stockpile, Putin said, predicting that the country’s armed forces are set to become entirely dependent on foreign aid in the nearest future.“Well, you won’t be able to wage war for long like that. Our defense industry, however, is growing day by day,” he said.Any weaponry Kiev receives from the collective West will end up destroyed, Putin warned. “Tanks are burning. Among them are the Leopards. They burn. So will the F-16s. There is no doubt,” the president stated, referring to the potential deliveries of advanced US-made aircraft long-sought by Kiev.

NATO involvement in the conflict is deepening

The potential delivery of F-16 fighter jets would get the US-led NATO bloc even more deeply involved into the conflict, Putin said. Moreover, the aircraft may end up stationed abroad, while only operating in Ukraine’s airspace during combat sorties.

In such an event, “we will need to look at how and where we can hit those assets used in combat operations against us,” Putin said. “This is a serious danger of further dragging NATO into this armed conflict.”

West will want to talk to Russia on security guarantees

Moscow has never refused to engage in dialogue with the collective West, coming up with a comprehensive security deal proposal shortly before the ongoing hostilities started, Putin said. The West, however, rejected the dialogue – but it will ultimately be forced to abandon its confrontational stance.

“Regarding whether it is needed to conduct a dialogue with them or not, I repeat once again, we did not reject this dialogue,” Putin said. “It was them who decided to sever this dialogue with us. Well, they don’t want to talk… whatever. They will.”

Russian stance on nuclear weapons use explained

Russia’s president also cautioned against normalizing talk of nuclear weapons use, warning that “the very fact of discussing this topic already lowers the threshold for their use.” At the same time, Putin rejected the idea of engaging in any nuclear disarmament talks with the West.

“We possess more weaponry of such sort than the NATO countries. They know that and are always trying to persuade us to start negotiations on reduction. ‘Nuts’ to them, you know, as our people say,” he said.

I would have liked to have heard something about economics.

We are all very interested in the Russian and Chinese agenda to undermine the dollar system, and we are all, frankly, quite bored of the Ukraine situation.

That said, his speech makes total sense. It is not only safe, but necessary for him to focus on the Ukraine, as he is reassuring people that he is in control of that situation, and is a reliable partner, despite currently being a belligerent in the most globally consequential conflict since World War II.

What’s more, the entire shift in the global economic order is a direct result of the Ukraine war.

Perhaps most importantly: by speaking so aggressively about the war in front of representatives of so many nations, and getting no criticism for doing so from any of these nations, he is proving the point that the world stands with Russia against the evils of the Anal Empire.

Also, I should mention that though I didn’t watch the full speech, I did watch some of it, and Putin also does talk some about the economy, and the various cooperations Russia is involved in. The main focus was definitely the Ukraine, but the editors of RT are obsessed with the Ukraine, and should really have put a bulletpoint list about Putin’s comments on the economy in their summary.

That said, there was nothing revolutionary about the economic comments, which, like the Ukraine comments, were just talking points. I don’t say “talking points” negatively. It is very important that Russia promote, above all else, the idea that they are a stable world partner, and when that is the goal, in this setting, talking points were what was needed.

After the event concludes, I will attempt to go through and find the best bits about the plan to do a counteroffensive against the dollar’s hegemony, as this is what we are all concerned with, first and foremost. I will be interested to see if there was anyone talking about Bitcoin, a return to a global gold standard, or the digital yuan as an international replacement for the dollar. I support all three.