October 24th, 2014, Vladimir Putin delivered an important speech to the assembly of the Valdai International Discussion Club, at Sochi, Russia.
"Having surveyed the sorry state of the world thus far, Putin comes to the question of whether to live by New Rules or No Rules. He explicitly rejects the No Rules option because the current global situation is clearly on the path to No Rules. He reminds his audience that nations must agree on fundamental values and to co-operate in finding collective solutions to common problems and issues. Major participants in such co-operation must lead the way in behaving with self-restraint and in ethical and responsible ways that others will be happy to follow. International co-operation and relations should be based on international laws that are themselves based on moral principles and respect by nations for one another and their interests." ~ Russia Insider