Years of Western mistakes are hurting the world economy, the Russian president said Western nations have mismanaged the global economy, and the entire world is now paying the price for their incompetence, Russian President Vladimir Putin said on Monday. He made the claim during an address ahead of the St. Petersburg International Economic Forum (SPIEF).

Some 50 projectiles fired by a multiple rocket launcher have dropped on the city of Donetsk, RT correspondent Roman Kosarev has reported from the scene. The strikes are said to have hit the Kalininsk neighborhood of the capital of the Donetsk People’s Republic (DPR).

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