Russian President Dmitry Medvedev said “economic egoism” has led to what may be the worst economic contraction since the depression of the 1930s, and placed some of the blame on the U.S.
The Russian leader said no single country, even the U.S., can reverse the global economic decline alone, and claimed a role for Russia in finding a solution.
“An underestimation of risks by the largest financial companies together with the aggressive financial policy of the world’s largest economy led not only to corporate losses; unfortunately, the majority of people on the planet became poorer,” Medvedev said in St. Petersburg.
Medvedev was speaking at the opening of the St. Petersburg International Economic Forum, Russia’s largest trade and investment fair, held in his hometown for a 12th year. Officials expect the event to match the $12 billion worth of deals signed last year.
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