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June 20, 2025
from
RT Website
Russian President Vladimir Putin
© Vyacheslav
Prokofiev; RIA Novosti
The
global system must
pivot away
from neocolonialism,
which
enabled the 'golden billion'
to siphon
resources for the elites,
the
Russian president says...
The world needs a
new development model that is not
based on the principles of neocolonialism and is
resilient to political manipulation, Russian President
Vladimir Putin has said.
Speaking on Friday at a plenary session of the St. Petersburg
International Economic Forum (SPIEF),
Putin stated that throughout the past several decades, the so-called
'golden
billion' has been pumping out resources from other
nations to benefit the interests of a narrow circle of elites.
He pointed to the example of the US, saying the
country's "super incomes" never actually reached ordinary citizens
or the middle class.
The Russian president insisted that changes in the political sphere,
should be reflected in the people's quality
of life, in education, science, and infrastructure...!
He called for a,
"fundamentally new development model, one
that is not built on the rules of neocolonialism."
He stressed that this model should be,
"free from political manipulation" and "focus
on the needs of citizens."
Putin added that the old mechanisms of
the globalization era have outlived
their usefulness, and there isn't even an effort to modernize them.
Instead, it is now necessary to create a
new model, taking into account the national interests of all
states, he said.
The Russian president stated that the global
economy is already undergoing its biggest transformation in decades,
with the balance of power shifting and
BRICS emerging as a leading force...!
Putin went on to say that,
BRICS now accounts for 40% of the global
economy, and that this share will only grow given the rise
of the Global South...
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