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G20 Summit: economy in focus, yet Syrian discussion unavoidable

September 04, 2013, 11:55 UTC+3
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On Thursday, September 5 the G20 leaders will gather for a summit in St. Petersburg in an attempt to find an answer to the question “where the world is moving.” To this question is primarily related with the situation surrounding  Syria, says the daily Trud.

For two days leaders of the world’s largest economies will be discussing burning issues - from struggle against the shadow economy and the crisis of globalization to the war in Syria.

“There are neither ready answers to these challenges of time, nor accord over them,” the daily says.

“The agenda of the summit, as the Russian presidential aide Yuri Ushakov has said, has been polished to perfection. But still nobody knows for sure what exactly will be discussed by the leaders of countries which account for 65 percent of the world’s GDP or if they will produce any joint decisions,” Trud remarks.

“Russia’s sherpa at the summit, chief of the Kremlin staff’s experts directorate, Ksenia Yudayeva, has said that “the leaders’ discussions will proceed in a variety of directions.” Indeed, the main document the summit is expected to produce is the St. Petersburg Declaration consisting of twelve sections covering the entire range of G20 interests - macroeconomic problems, financial control, creation of jobs, taxes, promotion of international development, resistance to corruption and so on,” the article states.

“Russia expects that the St. Petersburg summit will approve of the plan against moving capital and profits to offshores which the G20 finance ministers endorsed last July. It is also expected that the BRICS countries (Brazil, Russia, India, China and South Africa) will agree on specific dates for creation of their own $100 billion stabilization fund,” Trud says.

Although the problem of Syria is not on the agenda of the summit, observers have no doubt that it will take centre stage.



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