The modern financial system only serves the interest of the elites, according to the Russian president 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
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