US to blame for economic crisis: Medvedev

0 Comments | AFP, June, 2008

SAINT PETERSBURG (AFP) — Russian President Dmitry Medvedev on Saturday blamed the United States for the world's current economic woes and put forward Russia's growing energy power as a possible solution.

Speaking at a meeting of high-powered business executives in Saint Petersburg, Medvedev said the United States was behind a global credit crunch and that investment in biofuels had helped cause a world food crisis.

"It is precisely the gap between the United States' formal role in the world economy and its real capabilities that was one of the key reasons for the current crisis," Medvedev said.

"Russia is a global player. We understand our responsibility for the fate of the world and want to participate in forming the rules of the game, not because of...