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The Russian Agenda

Posted July 07, 2017

Under Economic Issues, International Trade Issues

(Vladimir Putin via Handelsblatt Global)

Ahead of my trip to Germany to take part in the summit of the Group of Twenty, I would like to share some thoughts about cooperation within the G20 framework with the readers of Handelsblatt, one of the most popular and reputable German newspapers.

Over the years of its existence, the Group of Twenty has established itself as an important mechanism for aligning the interests and positions of the world’s leading economies. By taking coordinated action, the G20 contributed to the adoption of necessary measures that not only helped overcome the financial and economic crisis, but also laid the foundation for improving global governance, which has found itself in dire straits for a number of reasons. Importantly, by working together we have been able to find solutions to a number of long-standing issues.

For instance, Russia highly values practical steps to counter base erosion and profit shifting to so-called ‘safe havens.’ All economies suffer from such practices. Irresponsible corporate behavior of this kind affects the quality of life of millions of people, resulting in high social costs. Click here to read more.