Arab Press

بالشعب و للشعب
Tuesday, Apr 07, 2026

Blame West for global inflation — former Czech president

Blame West for global inflation — former Czech president

Former Czech President Vaclav Klaus has rejected the notion that the Ukrainian conflict has been the sole reason for the economic problems now experienced around the globe. “The issues that led to spiking inflation and to a huge increase in energy prices that we have now originated long before February 24” when Russia sent its troops into Ukraine, Klaus told outlet Seznam Sravy on Friday.
“This is self-inflicted, this is self-inflicted by the West. The Russian invasion just added to that,” he insisted.

Russia is a major supplier of gas, oil and coal, but it’s “just one of the players” on the international market, the 81-year-old economist, who was the Czech Republic’s president between 2003 and 2013, pointed out.

So, the reduction of supply of Russian hydrocarbons to the EU and soaring energy prices – which came as a result of sweeping sanctions imposed on Moscow by the bloc – just can’t be the number one cause for high inflation rates and soaring energy prices, Klaus insisted.

“I don’t understand why the number one cause isn’t being mentioned. The ‘green delirium,’ the supposed fight against climate change and the EU’s Green Deal – that’s the fundamental cause for the rise in prices,” he said, referring to the Western attempts in recent years to switch from fossil fuels to renewable energy sources.

The ex-president has urged the sides involved to find a solution to the conflict in Ukraine, which has already been going on for half a year, warning that the situation will only “get worse and worse” if it’s not done soon.

“It won’t be enough for the representatives of Ukraine and Russia to get together. It’s necessary for the West, especially the US, to start negotiating with Russia. Every person with at least some intelligence understands this,” he also remarked.

Washington has been the strongest supporter of Kiev amid its conflict with Moscow, providing Ukraine with billions of dollars in military and financial assistance, and with intelligence. The latest military aid package of $2.98 billion – the largest so far – was announced by US President Joe Biden mid-week.

Klaus reiterated his stance that “it was always necessary to talk to Russia.” When asked if he could be branded by some as the “voice of Putin” for making such statements, the veteran politician responded that “only a fool can say that. And I don’t care what a fool says.”
Comments

Me 4 year ago
He's absolutely right. If Biden stopped his war on fossil fuel the price of oil would fall and so would inflation.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Trump Warns of Civilizational Stakes as Iran Halts Negotiations
Saudi Companies Expand Remote Work Measures Ahead of Iran-Related Security Concerns
Iran Warns of Strikes on Saudi Energy Infrastructure if US Targets Its Facilities
Iran Urges Civilians to Form Human Shields Around Nuclear Sites as Diplomatic Deadline Approaches
Saudi Arabia Raises Oil Prices to Record Premiums Amid Supply Pressures Linked to Iran Conflict
Key Saudi-Bahrain Causeway Closed Amid Heightened Security Concerns Linked to Iran
Formula One Calendar Gap Explained as Fans Await Next Grand Prix
Growing Strain on the Petrodollar System Comes Into Focus Amid Iran Conflict
Reported Strike on Saudi Arabia’s Jubail Complex Raises Global Energy Supply Concerns
FedEx Introduces New Digital Tool to Streamline Imports into Saudi Arabia
Iran Claims Strike on Saudi Arabia’s Jubail Petrochemical Complex Amid Rising Regional Tensions
Taiwan to Source Oil Shipments from Saudi Arabia’s Red Sea Ports
Saudi Arabia Evacuates Riyadh Financial District as Precaution Amid Regional Tensions
Saudi Arabia Balances Ambitious Economic Vision Amid Regional Tensions and Financial Pressures
Budget Saudi Arabia Reports Strong Full-Year 2025 Financial Performance
Saudi Arabia Expands Investment in Capcom With Stake Reaching Six Percent
Saudi Arabia Assesses Significant Economic Impact From Regional Conflict Involving Iran
US Beef Secures Expanded Market Access in Saudi Arabia
Jordan and Saudi Arabia Declare Absolute Solidarity in Response to Iranian Threats
Saudi Arabia Raises Oil Prices to Record Premium Amid Strong Market Demand
California’s Salton Sea Emerges as Strategic Lithium Hub for Clean Energy Future
Iranian Drone Strike on US Embassy in Saudi Arabia Reportedly Targeted Intelligence Facility
Saudi Deputy Foreign Minister Meets French Embassy Official to Strengthen Bilateral Engagement
Saudi Arabia Calls on United States to Seize Strategic Opportunity to Reshape Middle East
Dating Apps Surge in Saudi Arabia as Social Norms Rapidly Evolve Among Youth
Saudi Arabia Detains Over Fourteen Thousand Illegal Residents in Week-Long Enforcement Drive
Saudi Foreign Minister Engages in Diplomatic Talks with Pakistan, Kuwait and Latvia on Regional Developments
Saudi Arabia Intercepts Cruise Missile as Regional Tensions Intensify
Saudi Stock Market Edges Higher as Tadawul Index Records Modest Gain
Underlying Rivalry Between Saudi Arabia and UAE Persists Despite Temporary Calm
Saudi Arabia’s Non-Oil Sector Contracts in March as Regional Tensions Weigh on Business Activity
Saudi Arabia Unveils Ambition to Establish Prestigious Global Prize Rivaling the Nobel
Saudi Crown Prince to Engage Wall Street in Push for Investment and Economic Expansion
Iran Accuses Saudi Arabia and UAE After Downing of Chinese-Made Drone
Saudi Arabia Condemns Attack on Hospital in Sudan, Calls for Protection of Civilians
Coordinated Drone Strike Targets CIA Facility Within US Embassy in Saudi Arabia
Italy’s Meloni Prioritises Energy Security and Strait of Hormuz Stability During Gulf Tour
Uncertainty Emerges Over Timeline and Direction of Saudi Arabia’s Ambitious Ski Resort Project
UAE and Saudi Arabia Escalate Strategy with Drone Operations Targeting Iran
Trump Delivers Characteristic Remarks on Saudi Crown Prince Amid Intensifying Iran Conflict
Drone Strike on US Embassy in Riyadh Caused Greater Damage Than First Reported
Saudi Arabia Introduces Flexible Solutions for Expired Visas Amid Regional Disruptions
Saudi Arabia’s Online Car Market Accelerates with AI Pricing and Fully Digital Buying Experience
Saudi Arabia Reassesses Defence Strategy as Iranian Drone Threat Drives Shift in Military Partnerships
Drone Strikes Target Saudi Arabia, Kuwait and Bahrain as Regional Conflict Intensifies
Japan and Saudi Arabia Align Efforts to Ease Rising Tensions with Iran
Saudi Crown Prince and Italy’s Meloni Strengthen Strategic Ties in High-Level Talks
SpaceX Explores Potential Five Billion Dollar Investment from Saudi Sovereign Wealth Fund Ahead of IPO
Saudi Arabia Lifts Key Import Barriers to Expand Access for U.S. Beef Exports
Saudi Arabia Enforces Strict Travel Penalties for Visits to Restricted Countries
×