SOCHI, October 24. /TASS/. On Friday, Vladimir Putin addressed a meeting of the Valdai club. The session of the international discussion club was held in Russia's southern resort city of Sochi. In his speech, Vladimir Putin touched upon the topics of global security, US Hegemony, arms control and much more.

{article_photo:738537:'Unipolar model of the world failed — Putin':'right':'50'}System of Global security undermined

System of global security is seriously enfeebled and there are no guarantees that it will be capable of safeguarding the world from upheavals, Russian President Vladimir Putin said on Friday at a session of the Valdai international discussions club.

“Controversies are stockpiling in the world and let’s ask one another frankly whether or not we have a reliable safety net,” he said.

Putin offered his own answer to the question, saying: “Unfortunately, there are neither guarantees nor assuredness that the existing system of global and regional security will be capable of safeguarding us from upheavals.”

New serious conflicts involving world powers possible

Russian president didn't rule out new serious conflicts involving world powers.

“The system is enfeebled, fragmented and deformed,” he said.

Putin said he is confident that the world order should have been reconstructed in a sensible way and the check-and-balance system should not have been destroyed with nothing built instead of it.