Russian lawmaker slams EU’s decision to extend sanctions on Moscow as absurdRussian Politics & Diplomacy June 23, 0:32
IOC spokesperson confirms Bach’s words about possible sanctions on RussiaSport June 22, 23:27
Putin praises Moscow International Film FestivalSociety & Culture June 22, 21:49
Russian football team getting ready for game with MexicoSport June 22, 21:38
EU agrees to extend sanctions against RussiaWorld June 22, 21:25
Lavrov tells Tillerson attempts to exert pressure on Russia through sanctions pointlessRussian Politics & Diplomacy June 22, 20:14
Russian war memorial in Poland reopens after renovationWorld June 22, 19:41
Le Bourget air show: Russia clinches contracts for military hardware deliveriesMilitary & Defense June 22, 19:28
Czech president supports idea of referendum on country’s withdrawal from EUWorld June 22, 18:57
HONOLULU, November 11 (Itar-Tass) —— During its 2012 presidency in APEC Russia will offer for discussion four major financial issues, according to the head of the international relations department of the finance ministry, Andrei Bokarev.
They include enhanced financial literacy of the population, improved financial education, development of treasury systems of APEC countries and their long-term financial stability, and financial aspects in overcoming the aftermath of natural calamities and emergency situations. The latter issue was prompted by the latest cataclysms in Japan and Thailand, Bokarev told reporters on Thursday.
He said the first issue continues the discussion held under the current U.S. presidency in APEC. However Washington speaks about access to financial services for the most vulnerable groups of the population. “It is true and correct, but in Russia we believe it is first necessary to educate people how to use such services and explain related risks and obligations,” Bokarev said.
Another issue taken over from American presidency is the financing of infrastructure and the development of state-private partnership. “APEC countries acknowledge the achieved success is modest in the sphere,” he said. To remedy the situation it is proposed to create a “special mechanism under the aegis of the World Bank.”
Bokarev admitted the infrastructure issue is of significance for Russia as it so far lags behind APEC partners in the quality of infrastructure in logistics and transportation spheres.