Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
Moody's upgrades outlook on Russia’s sovereign rating to stable from negativeBusiness & Economy February 18, 2:37
ST PETERSBURG, June 21 (Itar-Tass) - President Vladimir Putin urges the G-20 to create a council for energy coordination.
“Such forum or council could carry out coordination tasks. Let’s urge the G-20 partners to think about it,” Putin said at a round-table meeting within the St Petersburg International Economic Forum.
“One cannot overestimate factors, which regulate energy and adjacent markets,” Putin said. “Their sustainable development directly depends on transparency of price setting, the effective currency and monetary policy and tax harmonization in different countries.”
“Most key energy projects are capital-intensive that requires predictable conditions for doing business,” the president stressed. “The problem of coordination hangs thick in the air. But at present, there is no idea to create a coordinating structure on the world arena,” he said.
“That is why I believe that such work should be started,” Putin said. “We’d be able to set up a council or a forum, which would unite working groups or sections, for example of consumers, producers, operators of the infrastructure, regulators etc,” the president said.
The G-20 summit will be held in St Petersburg in September.