Putin: ‘Ugly’ neocolonial system is dead – Putin
A new multilateral world order is inevitable,
the president stated
By President Putin
Information Clearing House
-- Russia has significantly
boosted trade with nations who do not bow to
foreign pressure, thus once again proving that
the world has abandoned the old neocolonial
system, Russian President Vladimir Putin said on
Friday. Humanity is now progressing towards a
new multipolar arrangement, he added.
being subjected to Western economic pressure,
Russia did not choose self-isolation and instead
boosted cooperation with some of the key drivers
of the world economy, the Russian leader said in
a speech at the St. Petersburg International
Economic Forum (SPIEF) on Friday.
“Our trade with some of the
nations, whose leaders would not submit to the
oft-brazen foreign pressure and are guided by
their own national interests rather than those
of others, has grown by several times rather
than by dozens of percent,”
Putin stated, describing Russia’s current
position in the world economy.
“This is yet further proof that
common sense, business energy and objective
market laws are stronger than political
that the ugly international system, which was
neocolonial in nature, has ceased to exist.
Meanwhile the multipolar world order is being
reinforced. And this process is inevitable.
speech was focused on the changes in the Russian
economy since last year’s SPIEF, which he also
attended. He provided his assessment that the
government’s policy choices, which were made
amid confrontation with the US and its allies,
have proven to be correct. The president cited
low inflation rates, record-low unemployment,
positive changes in the structure of Russian
export, among other indicators.
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