A new multilateral world order is inevitable, the president stated 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. After 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 (
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