MOSCOW, October 1. /TASS/. A multipolar world is coming and even the "hegemon" that used to rule knows it, Russian President Vladimir Putin said on Thursday.

"Sooner or later, the global situation and its entire system will reach a state of some kind of stable balance," he said at the 23nd annual session of the Valdai International Discussion Club.

"Without a doubt, this is a complex, multifaceted, multi-layered process that requires mutual compromises, rapprochements and clear-cut assessments of the situation, including on the part of the West," the Russian president stated.

"The former hegemon will inevitably have to acknowledge the realities of a multipolar world," Putin added.