The U.S. President Joe Biden has linked record inflation in the US for 40 years with anti-Russian sanctions.

“Today’s inflation report reminds us that Americans’ budgets are being depleted due to price increases, and families are beginning to feel the consequences of Putin’s price increases. A big contribution to inflation this month was made by the rise in gasoline and energy prices, as the markets reacted to the aggressive actions of (Russian President) Putin,” Biden said in a statement released by the White House press service.

Biden said that the costs within the country are related to sanctions against the Russian Federation, but stressed that Russia pays a higher price.

According to the U.S. Department of Labor, consumer prices in the country in February increased by 7.9% year-on-year after an increase of 7.5% a month earlier, only in February they increased by 0.8%. The annual figure is still at the records of forty years ago, now it is the highest since January 1982.