Russia’s Putin says liberal globalization model is ‘obsolete’

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Open this photo in gallery: Russian President Vladimir Putin told the BRICS summit in Rio de Janeiro on Sunday that the future belongs to swiftly growing emerging markets.Mikhail Metzel/The Associated Press Russian President Vladimir Putin told BRICS leaders on Sunday that the era of liberal globalization was obsolete and that the future belonged to swiftly growing emerging markets which should enhance the use of their national currencies for trade. Putin spoke via video link to the summit in Rio de Janeiro due to an arrest warrant from the International Criminal Court which alleges he is responsible for war crimes in...