MOSCOW, November 25. /TASS/. Russian Foreign Minister Sergey Lavrov has pointed to signs of "approaching chaos" in international trade and investment.
"We are all now observing something close to chaos emerging in international trade and investment," the foreign minister said in an interview with the YouTube channel of the French-Russian Dialogue Association, recorded on November 21.
The Russian Foreign Minister noted that "the global economy is currently not at all globalized, because all the principles and rules of globalization that the Americans, together with their allies, have been introducing for decades in global institutions (the IMF, the World Bank, the WTO) have not been implemented by any of them."
"The fundamental principles on which they are based have long been violated, because the composition of the governing bodies and the distribution of votes no longer in any way reflect the real situation in the global economy and the balance of power," Lavrov stated.
He also noted that "the principles of fair competition, market methods for determining the best, and the inviolability of property — all of this has faded into oblivion."
