MOSCOW, October 31. /TASS/. In an era of global turbulence, ensuring strategic stability, technical and financial sovereignty is becoming the primary priority, and Russia has all of the resources to do that, Russian First Deputy Prime Minister Andrey Belousov said.

"What is the difference between the current decade and the situation in the 1990s or even the first decade of the 2000s? The world economy then operated under the circumstances of clear, set regulations, to which most countries agreed. Today, we are witnessing the degeneration of the entire system," Belousov said. "In these circumstances, the primary goal becomes ensuring strategic stability, technological and financial sovereignty in order to carry out the national development strategy. Russia, as one of the centers of a largely multipolar world, has all the resources needed to establish an integration space and network of strategic alliances with friendly countries," he added.

Belousov stated that Russia continues to deepen its integration in the Eurasian Economic Union and the CIS space, as well as forming long-term mutually beneficial ties with the countries of the actively developing BRICS, the global South, Africa, and the Arab world. At the same time, Belousov noted that all participants in the global economy are already aware of the changes taking place - the largest players in the developed world, primarily the United States, continue to use discriminatory protectionism instruments, start trade wars, and impose sanctions in order to maintain global economic dominance at any cost.

"The World Trade Organization is currently in a deep crisis. Trust in traditional global reserve currencies as well as international financial regulators has eroded. All of this suggests that we have entered a period of global turbulence," Belousov said.