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Russia’s presidency in G20 proves ability to resolve key global issues

MOSCOW, December 26. /ITAR-TASS/. Russia’s presidency in the G20 confirmed the country’s ability to play a weighty role in solving global problems, the Foreign Ministry reported.

“The G20 summit in St. Petersburg of September 5-6 approved Russia’s innovative initiatives on ways to step up the economic growth and fiscal consolidation, expand employment, fight fuzzy the taxation base, make investments in the real economic sector and contribute to the international development,” the report says.

These initiatives were recorded in the plan of action on sustainable development. The summiteers adopted the joint declaration, the development strategy to contribute to low income countries, as well as the strategic framework anticorruption program.

“The summit proves the G20 significance for the member-states and for the whole international community. Totally, Russia’s presidency showed Russia’s ability to play a weighty role in resolving basic global issues,” the ministry said.

“The political potential, which was accumulated during Russia’s presidency in the G20, will be used at the upcoming presidency in the G8 in 2014,” the ministry said.

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