Russia supports creation of new democratic model of global economic development: Putin


MOSCOW, Dec. 7 (Xinhua) -- Russia supports the establishment of a new "truly democratic" model of global economic development, Russian President Vladimir Putin said Thursday.

"The entire global system of economic relations is undergoing fundamental ... irreversible changes. This is because the previous model of globalization is being replaced by a multipolar model," Putin said at the plenary session of the 14th VTB "Russia Calling!" Investment Forum.

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