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11/27/2023, 9:50 AM (Source: TeleTrader)
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Putin: Western globalization model is in deep crisis

Russian President Vladimir Putin declared on Monday that the model of globalization fostered by "the West" is in "a deep crisis."

"It is obvious that the model of globalization, which was formed largely by Western states — naturally, in their own interests — has outlived its usefulness and is in a deep crisis," the Russian president told participants of the Primakov Readings.

Putin pointed out that "a well-known group of countries" used to world dominance exert energy pressure and do not restrain themselves from maintaining their "waning influence." "Such a destabilizing line provoked both the crisis around Ukraine and the tragic escalation of the Palestinian-Israeli conflict," he added.

Baha Breaking News (BBN) / JG