Russian President Vladimir Putin joked on Monday that he would have a serious talk with the West about the current economic troubles.

Putin told Alexander Lukashenko that Russia's economy had performed well in the face of Western sanctions.

After plunging to an all-time low of 150 to the dollar in March, the Russian ruble has rallied over the last month and reached 57.5 against the US dollar on Monday.

Lukashenko told Putin that the West had given him a push to develop his own economy.

They underestimated it by reading their own media. The truth is that Putin is to blame for everything, according to Lukashenko.

Putin smiled and nodded in response to Lukashenko.

Putin drew a laugh from Lukashenko when he said they would have a serious talk.

The White House tried to pin the US's rapid inflation rate on Putin, with President Joe Biden saying that Putin's price hike on oil has hurt American families at the gas pump.

The price of oil went up in March. In the same month, global food prices reached their highest-ever peak, due to a reduction in at least a quarter of the world's supply of wheat and grain due to the war in Ukraine.