Vladimir Putin has issued another chilling warning to the West, saying its ‘selfishness and hypocrisy’ has led to a ‘dangerous turn of events’ and brought the world ‘close to a point of no return.
Speaking to foreign ministry officials, the Kremlin leader said: ‘Calls to inflict a strategic defeat on Russia, which possesses the largest arsenal of nuclear weapons demonstrate the extreme recklessness of Western politicians.
‘They either do not understand the scale of the threat they are creating – or are simply obsessed with their own sense of impunity and exceptionalism.
‘Both can lead to tragedy.’
Putin also warned that plans by Western countries to provide Ukraine with loans using interest from Russian assets frozen abroad was theft and would not go unpunished.
‘Despite all the chicanery, theft will certainly remain theft. And it will not go unpunished,’ he said.
‘Now it is becoming obvious to all countries, companies (and) sovereign funds that their assets and reserves are far from safe in both the legal and economic sense of the word.
‘Anyone could be next in line for expropriation by the US and the West.’
Putin was speaking a day after G7 leaders agreed on an outline deal to provide $50 billion of loans for Ukraine using interest from Russian sovereign assets.
TERMS FOR PEACE IN UKRAINE
He told officials the ‘Western model’ of global security is collapsing and ‘needs to be essentially created anew’ – adding he is open to talks with everyone, including NATO.
‘All this requires us, together with our partners, with all interested countries, and there are many of them, to work out our own options for ensuring security in Eurasia, proposing them then for wider international discussion,’ he said.
‘We live on the same continent. No matter what happens, you cannot change the geography. We will have to coexist and work together one way or another.’
Putin also set out his prerequisites for peace talks with Ukraine.
‘Conditions are very simple,’ he said. ‘Ukrainian forces must be completely withdrawn from Donetsk, Luhansk, Kherson and Zaporizhzhia oblasts.
‘[It’s] important to note, from all territories of these regions within their administrative borders which existed upon their accession to Ukraine.
‘As soon as Kyiv says they’re ready for such decision and start the real withdrawal of forces form these regions and officially declare rejection of plans to join NATO, from our side, immediately, literally the same minute, will come an order to stop the fire and start negotiations.
‘We will do it immediately. Obviously, we will guarantee the uninterrupted and safe withdrawal of Ukrainian forces.’
UPDATE 1:08 PM EDT --
Ukrainian troops must be completely withdrawn from the territory of the DPR, LPR, Kherson and Zaporozhye regionsUkraine must not join NATORussia wants a neutral, non-aligned, nuclear-free status of UkraineAll Western sanctions against the Russian Federation must be liftedThe status of Crimea and Sevastopol, DPR and LPR, Zaporozhye and Kherson regions as regions of the Russian Federation should be recorded in international treaties
If Kiev and the West refuse the new peace proposal, further conditions will be different, Putin said.
Ukraine rejects new Russian peace proposal
Mykhailo Podolyak, adviser to the head of the Ukrainian presidential administration, claimed that Putin's new initiative to settle the conflict allegedly does not contain a "real peace proposal".
Vladimir Putin has declared that Russia is making another real peace proposal but if the West and Kiev reject it, they will be responsible for the bloodshed.
