Vladimir Putin: Creation of Multipolar World 'Inevitable, Historically Necessary'

"That is, no third party has any possibility for abuse and for interfering with payments. Including blocking, for example, a transaction, arresting accounts, appropriating someone else's money or assets. And this, unfortunately, happens in the modern world. These are very young people sitting here. But I can tell you that such things are done by self-confident adults, uncles and aunts, who, apparently, are not very clever, if they commit such erroneous actions that ultimately harm themselves," the president stressed.

"The world is gradually getting rid of the dictatorship of such a financial and economic model, the purpose of which is only to drive into debt, into bondage, turn into economic colonies, deprive entire regions of the world of resources for development," the president highlighted, adding that "few people will like such a future."

"You are well aware that the financial sphere is now undergoing rapid development of advanced solutions, advanced technologies. This is digital currency, digital financial assets, new payment services and financial settlement models. This includes the use of blockchain technologies, the so-called distributed ledger. I would like to say once again that in this area, especially when it comes to international economic cooperation, mutual trust and respect for the interests of partners and each other's interests are extremely important," the president said.