The global economy is changing largely due to the fact that certain Western countries are destroying the financial relations system, Russian President Vladimir Putin said on Tuesday.

“We know and can see how the global economy has changed and is continuing to change in recent years,” Mr Putin said during his speech at the plenary session of the eight Eastern Economic Forum (EEF).

“This is due to the fact that some countries, primarily Western ones, are destroying the system of financial, trade, and economic relations that they themselves built,” he added. 

He said that in this context, genuine business cooperation between those states that choose not to succumb to external pressure is expanding.

These states prefer to follow their interests, Mr Putin noted.

The Russian Far East city of Vladivostok welcomed thousands of participants for the eighth EEF on Sunday to promote economic and cultural exchanges among the regions of the Asia-Pacific.

The four-day EEF is organised by the Roscongress Foundation, with the theme “On the Way to Cooperation, Peace and Prosperity”.

 It has served as an important venue for dialogue among politicians, business executives and experts for Far East development and regional cooperation.

 (Xinhua/NAN)