Putin accuses the West of betrayal over NATO expansion, warning that rising defense budgets won't bring safety — only economic and social harm. He mocks EU sanctions and reasserts Russia’s right to define its own threats, pointing to global reliance on oil and gas.
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00:00No one speaking about that, but it all started with the fact that we were lied to, that we were deceived, that we were swindled about the NATO enlargement to the east.
00:12Because the entire world is aware that Russia received promises that not an inch eastward, NATO is not going to enlarge to the east, then one wave of enlargement, the second wave of enlargement.
00:24So they are distorting everything, because increased military spending and this jingoist fervor that they are following, they base it on one thing only, on the fact that Russia allegedly plays an aggressive part.
00:47But which we are not, because they look back at the 2022 when the special military operations started, and that's their basis.
00:59But how did we approach that? No one speaking about that, but it all started with the fact that we were lied to, that we were deceived, that we were swindled about the NATO enlargement to the east.
01:16Because the entire world is aware that Russia received promises that not an inch eastward, NATO is not going to enlarge to the east, then one wave of enlargement, the second wave of enlargement.
01:29And we keep saying that security of one country or of a group of countries cannot be insured at the expense of any other states.
01:39And there are documents signed to this tune. And then they kept expanding, and we were told, well, you should not be concerned, you should not be afraid, it's not a threat to you.
01:49And when we said that we do believe it's a threat to us, then they did not say anything in response.
01:56They just told us to go far away with our opinions. No one wanted to listen to our opinions, but we know better what is a threat to us.
02:06It's our right to define what's a threat to us and how big the threat is from one side or from the other side.
02:14But no one was listening to us, and they kept on acting like that. Isn't that an aggressive behavior? Because that's exactly what aggressive behavior means, and the west doesn't want to notice this.
02:28And what we plan to do is we plan to decrease our defense spending while they are ramping up their defense spending.
02:38So if you look at their defense policies and military policies, it's quite clear.
02:44So let them do that. Let them do whatever they want to do in the security sphere.
02:51Well, it won't give them any more security. And in terms of social security and economic security, it will damage them.
02:59The harsher the sanctions, the worse it is for the ones who are introducing those sanctions.
03:05It goes, it's true for Germany, for France, etc.
03:08If you look at their economy, the amount of gas that they're buying is now larger because they are buying more liquefied natural gas, LNG.
03:17Right now, how much is it? 400 euros per thousand cubic meters of gas.
03:28Right now, it's a little lower, 65 or 76 dollars per barrel.
03:39What if something happens in the Middle East? What's going to happen?
03:42Are they going to block Russian oil in some way?
03:45Well, they won't be successful at that. It's basically impossible right now.
03:50And the volumes of oil and oil products that are being consumed across the world is growing.
03:58They're growing because economies are growing and you cannot escape that.
04:02That's why the market itself is growing. The volumes are growing.
04:06But production can only be increased to an extent that was agreed upon within OPEC+.
04:18And that is being calculated during the summer, according to certain parameters.
04:25So, there's nothing that's in these sanctions that could help the European economy.
04:32Is this going to harm us in any way?
04:34We'll see, depending on the realities on the ground, so to speak.
04:39I don't believe that it's going to have any substantial effect on us because there are hundreds, if not thousands, of sanctions imposed on us at this moment.
04:50Last year, our economy grew by 4.3 percent and the eurozone grew by 0.9 percent.
