Russian President Vladimir Putin recently expressed his views on the Western financial system, predicting a shift towards newer financial technologies.
Speaking at the "Russia Calling" forum in Moscow, Putin described the current Western financial infrastructure, dominated by the dollar and the euro, as becoming obsolete.
Putin emphasised the technological obsolescence of the Western financial system, attributing it to complacency and a lack of innovation due to its long-standing monopoly.
Putin identified advancements in blockchain and central bank digital currencies (CBDCs) as key factors in transforming international transactions.