Changes in the global system have entered a qualitatively new phase. The erosion of the world order also affects domestic policies, as all major states are focused on their internal problems, having given free rein to international processes. This triumph of egotism is accompanied by the residual carelessness of the previous epoch, when it seemed that things would work themselves out on their own. The scope of changes underway is comparable to that of the most momentous periods of human history, when the very principles of relationships were changing, along with actors and circumstances. The Valdai Club Annual Report continues the series of reports released in 2014-2016. This time, the authors attempt to review and evaluate the changes in order to better understand what can be done to reduce the risks.