According to a report in The Observer, the EU-Russia summit in St. Petersburg which took place on May 31 "was peppered with mawkish mutual compliments". A joint statement looked to visa-free travel for Russians to the EU, while focusing on political and law-enforcement cooperation. British PM Blair paid special attention to Kremlin help in stemming Afghanistan's drug trade. The newspaper also quotes the European Commission's president, Romano Prodi as saying 'I told Vladimir [Putin] that now we are like vodka and caviar' while describing the new entente between Europe and Russia.
Russian President Vladimir Putin announced a possibility of a real revolution that may happen in world economy in the coming years to put an end to the monopoly of large Western banks