Medvedev Accused United States of "economic egotism"

8 June 2008

Russian President Dmitry Medvedev on Saturday accused the United States of "economic egotism," saying it has fuelled global troubles, and portrayed Russia's growing economic might as a force for worldwide stabilization.

Recklessness by big banks and what he called "the aggressive financial policies of the biggest economy in the world" have not just hurt corporations, Medvedev said. "Unfortunately, most people on the planet have become poorer," he said.

Medvedev made his comments to the St. Petersburg International Economic Forum, a gathering of thousands of businessmen, a month after his inauguration.