Vladimir Putin Attends 11th Annual Valdai Discussion Club (Source RIANOVOSTI) Russian President Vladimir Putin participates in Valdai International Club discussion “World Order: New Rules or No Rules?” The modern global and regional security system is seriously fragmented and deformed, Russian President Vladimir Putin said. “Unfortunately, there is no guarantee that the existing system of global and regional security can protect us from disruption. The system is seriously weakened, shattered and deformed. International and regional institutions of political, economic and cultural cooperation are going through a very difficult period,” Putin said at the plenary session of the 11th meeting of the Valdai International Discussion Club. The winners in the Cold War seem to be bent on reshaping the world so that it could better accommodate their own needs, Russian President Vladimir Putin said in a comment on US foreign policy. “The existing system of international relations, international laws, the system of checks and balances have been therefore declared useless, obsolete and ready to be torn down,” the Russian president stated. “The ‘Cold War’ is over. But it did not end with peace. [Neither did it end with] a transparent and clear agreement on new rules and standards,” Putin said. The idea of “national sovereignty” has lost its significance for many nations and is interpreted as they see fit, Russian President Vladimir Putin said Friday. “The very concept of ‘national sovereignty’ is regarded by many countries as something relative. The proposed formula is virtually that the more loyal a regime is to the One Center of Global Power the stronger its legitimacy is,” Putin said  The West is shooting itself in own foot by sponsoring extremist movements, Russian President Vladimir Putin said Friday. “By the way, I am constantly surprised that our Western partners make the same mistake over and over again. They once sponsored Islamist extremists that had fought in Afghanistan to fight the Soviet Union. Taliban and al-Qaeda originated from these [extremist] movements,” Putin said.