5/26, 11:10 AM (Source: TeleTrader)
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Scholz: Putin failed all strategic goals in Ukraine

German Chancellor Olaf Scholz said on Thursday that he "firmly believes" Russian President Vladimir Putin "will not win his war" in Ukraine and that Putin has so far "failed to meet any of his strategic goals." Speaking at the World Economic Forum, Scholz said the West aims to "make it clear to Putin that there will be no dictated peace" as the Russian leader will only agree to peace negotiations "when he realizes that he cannot break Ukraine's defenses."

Scholz insisted that Germany will diversify its energy imports in order to decrease reliance on Russian fossil fuels and advocated globalization and multilateralism in the face of the food and supply chain crises. "We need to take care that necessary diversification does not become an excuse for isolation, customs barriers and protectionism. Deglobalization is not the right way to go, it will not work," he insisted.

Baha Breaking News (BBN) / DJ