Beijing, November 29, 2014 (Saturday)
Meeting of the Valdai International Discussion Club, October 24, 2014 Sochi

In a situation where you had domination by one country and its allies, or its satellites rather, the search for global solutions often turned into an attempt to impose their own universal recipes. This group’s ambitions grew so big that they started presenting the policies they put together in their corridors of power as the view of the entire international community.

"The Cold War ended, but it did not end with the signing of a peace treaty with clear and transparent agreements on respecting existing rules or creating new rules and standards. This created the impression that the so-called ‘victors’ in the Cold War had decided to pressure events and reshape the world to suit their own needs and interests."

The very notion of ‘national sovereignty’ became a relative value for most countries. In essence, what was being proposed was the formula: the greater the loyalty towards the world’s sole power centre, the greater this or that ruling regime’s legitimacy.

Forex *
1 RUB = 0.125 CNY
1 CNY = 8.028 RUB
1 RUB = 0.020 USD
1 USD = 49.322 RUB
1 RUB = 0.016 EUR
1 EUR = 61.411 RUB
* by Central Bank of Russia (as on 11/29/2014)
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