Putin defended globalism and free trade, and he warned that crisis will result from the breakup of the global system.

In fact, crisis is the result of globalism and neoliberal economics. For Russia neoliberal economics means both economic and political crisis. https://www.paulcraigroberts.org/2018/05/25/americas-fifth-column-will-destroy-russia/

Neoliberal economics produces domestic economic crisis, because it diverts employment in high-productivity, high-value added activities, such as manufacturing and tradeable professional skills such as software engineering, from developed economies, such as the US, UK, and Europe, to economies where wages are much lower. Neoliberal economics is also the basis for financialization, which diverts the economic surplus from real investment into debt service. Together these devastating impacts of neoliberal economics kill economic growth. Just look at the no-growth experience of the Western world in the 21st century, where growth has been limited to the prices of financial assets while well-paid employment disappears.