Finland, Russia have no serious problems in their relations — top diplomatWorld February 27, 21:49
Brazil's joyful carnivalSociety & Culture February 27, 21:30
Syrian opposition has no dialog partner seeking peace — chief negotiatorWorld February 27, 20:37
About 40 Arctic projects may be in Russia's Yamal backbone zone — governorBusiness & Economy February 27, 19:28
Russian Defense Ministry forms special purpose division near MoscowMilitary & Defense February 27, 19:13
Russian frigate in Mediterranean to deliver no strikes on terrorists in Syria — sourceMilitary & Defense February 27, 18:54
First stage of Arkhangelsk deepwater port to go operational by 2025Business & Economy February 27, 18:45
Cairo group says military option in Syria 'ruled out' after recapture of AleppoWorld February 27, 18:31
Communication breakdown between Russia and EU deters fight against real threats — MPRussian Politics & Diplomacy February 27, 17:40
VLADIVOSTOK, November 14. /TASS/. The Doha round of talks in the framework of the World Trade Organization (WTO) is stalled, Russian President Vladimir Putin told TASS in an exclusive interview ahead the G20 summit.
“You know that the Doha round of WTO talks is stalled. Why? The divergence of approaches and interests between the developing economies and the developed economies is the reason,” Putin said.
“In the meantime, in one case there emerges an imbalance of capital and in the other, imbalances of commodity flows,” he said.
“In the advanced economies, there is a great amount of free capital, and the question is about the effective, reliable and safe placement of this capital in those regions and those economies of the world which will ensure stability, protect property and generate some profit, some revenues for the advanced economies,” Putin said.
“For this reason they export capital, and the developing countries form the commodity flows. Some would like to be certain their capital is well-placed, and others, the recipients of the capital need the certainty that the rules of the game will not be changed at the sole discretion of those who export capital, including for political reasons,” he said.
“One and all should be aware that the world economy and finance these days are exceptionally dependent on each other,” Putin said.
The Doha round of WTO talks was launched in the fall of 2001. It aimed to further liberalize global trade.