Speaking at a financial conference, Putin said "the monopoly of large Western banks" would come to an end in the coming years because of a technological revolution
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MOSCOW - Russian President Vladimir Putin on Thursday described the Western financial system as obsolete and said Russia, hit by Western sanctions such as disconnection from the SWIFT payments system, has proved it can overcome any challenges.
Speaking at a financial conference, Putin said "the monopoly of large Western banks" would come to an end in the coming years because of a technological revolution.
(Reporting by Reuters; Editing by Toby Chopra)
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