Russian President Vladimir Putin has condemned what he described as US efforts to preserve its global domination, saying they are doomed to fail.

Speaking while receiving credentials from foreign ambassadors to Moscow, Mr Putin said: “The objective development toward a multipolar world faces resistance of those who try to preserve their hegemony in global affairs and control everything — Latin America, Europe, Asia and Africa.”

He added that “the hegemony has succeeded in doing so for quite a long time, but it can’t go on forever… regardless of the developments in Ukraine”.

He has repeatedly cast his decision to send troops into Ukraine as a response to alleged western encroachment on Russia’s vital security interests.

The Russian leader said western sanctions against Moscow over its action in Ukraine were part of efforts by the US and its allies to strengthen their positions, but claimed they have backfired against their organisers and also damaged poor countries.

“As for Russia, we won’t deviate from our sovereign course,” he added.

Speaking later during a separate meeting on military industries, he said Russian weapons have shown high efficiency during the fighting in Ukraine and told officials to quickly increase output.

“Our equipment efficiently confronts western types of weapons,” Mr Putin said. “Practically all of Nato weapons stockpiles have been brought to support the current regime in Kyiv.”

He added that Russia should study western weapons to improve its own arsenals.

“We can and must learn about these arsenals, everything they have, everything they use against us to qualitatively increase our potential and improve our equipment, our weapons where we need to do it,” he said.

Mr Putin said he has ordered bigger allocations for new weapons, offered more loans to military industries and approved additional payments to their workers to increase output.

“Structures of the military industrial complex must deliver the required weapons and equipment in the shortest time possible,” he said.