Vladimir Putin warned that the war in Iran could generate a global shock comparable to the COVID-19 pandemic.

Vladimir Putin warned that the war in Iran could generate a global shock comparable to the COVID-19 pandemic, disrupting supply chains, international logistics, and energy markets. In a meeting with business leaders in Moscow, Putin emphasized the difficulty of predicting the consequences of the conflict, mentioning that experts have also compared its impact to that of the pandemic.

Although Russia benefits from rising oil prices, the Kremlin leader urged caution in spending the additional revenues, warning that the markets are volatile. He emphasized the need for a conservative approach in managing financial resources, considering the economic uncertainties generated by the conflict.