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The West resorts to cancelling principles of market economy — Putin

The Russian leader noted that he remembers how the globalization system was formed

MOSCOW, December 7. /TASS/. The West has come down to abolishing the very principles of the market economy, President Vladimir Putin said at the VTB Investment Forum "Russia Calling!"

"The Western elites came down to cancelling the very principles of the market economy they are fond of talking about in attempts to preserve their vanishing advantage," the Russian leader said.

Putin noted that he remembers how the globalization system was formed. "Everybody should be in equal conditions, everybody should be placed in such equal conditions, and borders should be opened! Borders should not be closed in any case! How is that?! This contradicts ideas of global development. As soon as competitors appeared - bang! They started closing their borders immediately, at their fingertips, at a moment. That’s all; these are all the principles," the President added.