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Russian President Vladimir Putin warned Wednesday that the world risks sliding deeper into instability as the coronavirus pandemic combines with global rivalries and other international tensions, The Associated Press reported. Speaking by video link during a virtual meeting of the World Economic Forum, Putin pointed at growing inequality and unemployment and a rise of populism as potential triggers for new conflicts that he said could plunge the world into a “dark anti-Utopia.”

“The pandemic has exacerbated the problems and disbalances that have been accumulating,” the Russian leader said. “International institutions are weakening, regional conflicts are multiplying and the global security is degrading.”

Putin hailed the decision by Russia and the United States to extend their last nuclear arms control pact as a positive move, but he added that spiraling tensions have come to resemble the situation before World War II.

“I strongly hope that such ‘hot’ global conflict is impossible now. It would mean the end of civilization,” he said. “But the situation may become unpredictable and spin out of control. There is a real danger that we will face a downturn in global development fraught with an all-out fight, attempts to solve contradictions by searching for internal and foreign enemies, and the destruction of basic traditional values.”

As the source said, Putin attributed the worsening economic situation to a Western liberal economic model that he said “foments social, racial and ethnic intolerance with tensions erupting even in countries with seemingly long-established civil and democratic institutions.”