Opening the 20th session of the Valdai Discussion Club in Sochi on Thursday, Russian President Vladimir Putin said its participants had to build a new world, as the present Western-dominated order crumbles.

Valdai discussions are “always a reflection of the most important processes in world politics of the 21st century,” Putin explained, “and this will continue to be the case, because we are faced, in essence, with the task of building a new world.”

“Colossal changes” have taken place in both Russia and the world since the Valdai Club was established, the Russian president noted. “By historical standards, twenty years is not that long. But time seems to compress when this happens during the era of the breakdown of the entire world order.”

A lot has happened in the past 20 years, Putin said, describing the changes as “qualitative, requiring fundamental changes in the very principles of international relations.”

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