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rt.com 29 Sep, 2023 17:11
HomeBusiness News

Putin calls for global economic change​

The modern financial system only serves the interest of the elites, according to the Russian president
Putin calls for global economic change

Russian President Vladimir Putin. © Sputnik/Vladimir Astapkovich

The global economic system is structured to serve the interests of the Western elite, while developing countries are forced to borrow money at exorbitant interest rates, Russian President Vladimir Putin has stated.

Speaking at the Russia-Latin America Parliamentary Conference on Friday, Putin said global elites are exploiting almost all other countries, particularly in the areas of technology, information, and finance.
The Russian president claimed that loan obligations for developing markets are already akin to feudal “quitrents,” calling for an end to the practice.

“Therefore, we all have to work together to change the rules of the global (financial) system,” Putin urged.

The Russian leader previously proclaimed that the “myth of the Western welfare state, of the so-called ‘golden billion’, is crumbling.” According to Putin, the latest sanctions imposed on Russia by the US and its allies mark the end of an era.
For more stories on economy & finance visit RT's business section
 
rt.com 5 Oct, 2023 19:20
HomeRussia & FSU

We have to ‘build a new world’ – Putin​

Moscow rejected the arrogant West’s demands for it to submit, the Russian president has insisted
We have to ‘build a new world’ – Putin

Russian President Vladimir Putin addresses the Valdai Discussion Club forum in Sochi, October 5, 2023. © Grigory Sysoyev / POOL / AFP

Opening the 20th session of the Valdai Discussion Club in Sochi on Thursday, Russian President Vladimir Putin said its participants had to build a new world, as the present Western-dominated order crumbles.

Valdai discussions are “always a reflection of the most important processes in world politics of the 21st century,” Putin explained, “and this will continue to be the case, because we are faced, in essence, with the task of building a new world.”
“Colossal changes”
have taken place in both Russia and the world since the Valdai Club was established, the Russian president noted. “By historical standards, twenty years is not that long. But time seems to compress when this happens during the era of the breakdown of the entire world order.”

A lot has happened in the past 20 years, Putin said, describing the changes as “qualitative, requiring fundamental changes in the very principles of international relations.”

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When the Valdai Club first met, Russia was emerging from the ruins of the USSR and putting “all our energy and goodwill”into building “a new, as it seemed to us, more equitable world order,” the president noted.
While Russia had much to offer to friends, partners, and the entire world, “some misunderstood our readiness for constructive interaction as submission, as an agreement that a new order will be built by those who declared themselves victors in the Cold War,” as well as an admission that Moscow is willing to follow the leadership and interests of others, Putin said.

“All these years, we have warned more than once: This approach not only leads to a dead end, it is fraught with the increasing threat of military conflict. But no one would listen to us, no one wanted to hear us. The arrogance of our so-called partners in the West, you know, was simply off the charts,” the Russian president concluded.
 
Putin stressed that Russia is already the largest country in the world and therefore is not motivated by seeking new lands.

He noted that Russia still has a lot of work to do in developing the remote Siberian and the Far Eastern regions.

“This is not a territorial conflict and is not even the establishment of a regional geopolitical balance,” the president said. “This question is much broader and more fundamental. We are talking about the principles of a new world order.”
 
rt.com 12 Oct, 2023 21:36
HomeRussia & FSU

Struggle for future of world order ‘intensifying’ – Moscow​

The “rising powers” are seeking to cast off the Western “dictate,” the head of Russian foreign intelligence has said
Struggle for future of world order ‘intensifying’ – Moscow

FILE PHOTO: The head of the Russian Foreign Intelligence Service, Sergey Naryshkin © Sputnik / Stanislav Krasilnikov

The world is facing a “classic revolutionary situation” in the field of international relations, the head of the Russian Foreign Intelligence Service (SVR), Sergey Naryshkin, said on Thursday. An ever-increasing number of the “rising powers” around the world want more independence in their foreign policy and dislike the crumbling hegemony of the West, which it is desperately trying to preserve, he added.
“The West, led by the US, can no longer ensure its dominance on a global scale,”Naryshkin told a meeting of intelligence chiefs of the Commonwealth of Independent States (CIS) in Baku.

“The rising centers of power do not want to put up with an aggressive Western dictate.”

In its efforts to maintain a unipolar world, the US deliberately tries to destabilize key world regions, he believes. Washington and its allies in London and Paris do not hesitate when it comes to manipulating various destructive forces on the international arena to achieve these goals, he stated, adding that the list of such forces includes international terrorist groups, radical Islamists, and ultranationalist movements.

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According to Naryshkin, America’s efforts have disrupted the peace process in Syria and exacerbated the situation in Afghanistan. They have also recently turned their eyes towards Africa, where they have allegedly encouraged various militant factions to launch attacks against the infrastructure in Mali and the Central African Republic, the Russian spy chief said, citing what he called “reliable information” in his agency’s possession.

The West orchestrates “sabotage operations against African nations that are friendly to Russia,” Naryshkin claimed, adding that the group of the seven biggest developed economies known as the G7 also “actively work against Russia.”
The West openly hosts and supports various “separatist terrorist structures calling for subversion of the Russian state order and violation of its territorial integrity,” the official said, naming the so-called ‘Free Nations of Post-Russia’ Forum among them.
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A loose association of various opposition activists, as well as ethnic and regional separatist movements, the forum openly advocates the disintegration of Russia under the slogans of “decolonization” and “de-occupation.” In March, it was designated an “undesirable organization”in Russia. Three meetings of the forum have already been hosted, with two taking place in Poland and one in the Czech Republic. The fourth meeting is scheduled to be held in Sweden in December.

“It is obvious to any sensible person that the manifestation of such … desires would have led to Eurasia plunging into a horrible ethnic and religious conflict,”Naryshkin said, calling it evidence of Washington’s intent to “set the Eurasian continent on fire.”

The West is “playing with fire” and “the future of the world order is at stake,” he warned, calling on “more responsible global and regional actors” to join their forces and coordinate their efforts to prevent destabilization instigated by the West and lead the world towards a multipolar world order.
 
rt.com 16 Oct, 2023 09:24
HomeRussia & FSU

‘Nonsense’ US approach, BRICS expansion, Kiev’s ‘huge’ losses: Key takeaways from Putin’s interview with Chinese media​

The Russian president contrasted Washington and Beijing’s approaches to deal-making
‘Nonsense’ US approach, BRICS expansion, Kiev’s ‘huge’ losses: Key takeaways from Putin’s interview with Chinese media

Russian President Vladimir Putin © Sergey Bobylyov / TASS via Kremlin
Russia no longer trusts the US on anything, while China has been reliably delivering on its promises, Russian President Vladimir Putin has said.

He contrasted the trustworthiness of the two nations in an interview with political correspondent Wang Guan, published in full on Monday. The journalist spoke to the Russian leader on behalf of the China Media Group.
Here are the key takeaways from the discussion.

Rules-based order is nonsense​

The US-promoted concept of a ‘rules-based order’ is colonialism in disguise, Putin argued, as Washington decides on what those rules are on a case-by-case basis.

“How can one talk about order based on rules that no one has ever seen? In terms of common sense, it’s nonsense. But it is beneficial to those who promote this approach.”

Colonial powers of the past claimed they were “bringing enlightenment” and “benefits of civilization” to the territories they held, the Russian president said. US exceptionalism implies that Americans perceive the rest of the world as “second-rate people”, just like the colonialists of history.

Moscow rejects this approach and strives for a fair multipolar world, where all nations are treated as equals, according to the president.

Multipolarity is inevitable​

A new global arrangement is coming, one way or another, Putin predicted.
“We can speed up this process or someone can try to slow it down and maybe even achieve some kind of reduction in the pace of building a multipolar world. Anyway, its creation is inevitable.”
Putin names common goal of BRICS countries
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Putin names common goal of BRICS countries

This year’s expansion of the BRICS group of leading non-Western economies was a major step in that direction, Putin believes. With the inclusion of six new members, it has surpassed the West’s G7 club in economic strength, he noted.

“No one wants to play second fiddle to some sovereign, everyone wants equal rights. And when they join BRICS, they see that we can achieve this goal.”

US cannot be trusted​

Washington has a habit of discarding previous agreements depending on political whims, as seen with its exit from the multilateral agreement on the Iranian nuclear program, Putin said, adding that the Ukraine conflict is rooted in the same problem.

“We were told as far back as 1991 – by the then-US administration – that NATO would not expand further east. Since then, there have been five waves of NATO expansion.”
“How can we agree on anything if every new administration starts from scratch?”

Kiev’s battlefield losses​

Putin outlined the history of Russia’s hostilities with its neighbor, from the 2008 NATO pledge to make Ukraine a member, to the Western-backed 2014 armed coup in Kiev and the conflict in Donbass, to the refusal of the Ukrainian government to implement a roadmap for reconciliation with rebels, and its decision last year to reject a draft truce in favor of a hoped-for military victory against Moscow.
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“They launched [in June] an active military operation, the so-called counter-offensive,” the president said of the latest phase of the confrontation. “No results achieved so far, only massive losses. The losses are simply huge, at a ratio of one to eight.”

Russia wants the conflict to be resolved and believes that China’s proposal may serve as a basis, the president noted – but it is up to Ukraine to make talks possible, as it has passed a law banning negotiations with Putin.

Xi’s word is his bond​

A large portion of the interview was dedicated to Russian-Chinese cooperation, and Putin’s friendship with Chinese President Xi Jinping, which he believes has contributed to the rapid development of ties between the nations over the past 15 years.
The Russian leader called his Chinese counterpart “attentive to detail, cool-headed, business-minded and a reliable partner,” stressing that he especially values Xi’s trustworthiness.
Xi’s strategic approach to governance distinguishes him from “people whom we call ‘time servers’ who are there for a brief moment just to show off on the international stage, and then they are gone,” Putin said.
 

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