Arab Press

بالشعب و للشعب
Wednesday, Aug 05, 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
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
FIFA’s Retreat Leaves a Larger Question Over Who Guards the Game
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Arrest Warrant Issued in Lebanon for Tycoon Spotted Meeting Netanyahu in Washington
Trump says Israel ‘would not survive’ without US
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Spain Defeats Argentina in Extra Time to Win Second World Cup
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
US Retaliates Against Iran After Two American Troops Killed in Jordan
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
The AI Invoice Shock: Layoffs Didn't Save Managers Money — They Cost Them More
Concern: Sexually Transmitted Bacterium Among Men Develops Antibiotic Resistance
Passenger Partially Pulled Out of Ryanair Jet After Cabin Window Fails Mid-Flight
Severe Heatwave Drives Dangerous Ground-Level Ozone Pollution Across Two Thirds of European Union
The Physical and Electronic Barriers Disrupting Domestic Wireless Networks
France and Morocco Open World Cup Quarter-Finals as Collina Defends Refereeing
Tech Pulse: The Future of AI and Screen Culture
Global News Briefing: Escalating Geopolitical Tensions and Corporate Shakeups
×