Russian President Putin May Attend G20 Summit In India

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Russian President Vladimir Putin may attend the G20 summit in India which is scheduled to take place in September, Kremlin spokesman Dmitry Peskov said.

Putin, g20 summit in india, g20 summit, Vladimir Putin, Russian president — “It cannot be ruled out,” the Kremlin spokesman responded when asked if Putin is considering to attend the G20 summit in India. (File Photo)

New Delhi: Russian President Vladimir Putin may attend the G20 summit in India which is scheduled to take place in September, Kremlin spokesman Dmitry Peskov said. “It cannot be ruled out,” the Kremlin spokesman responded when asked if Putin is considering to attend the G20 summit.

However, Peskov clarified that final decision was yet to be made on this. “No decision has been made yet,” Peskov said as per Russian news agency TASS, according to a report by news agency ANI.

The Kremlin spokesperson further said that the Group of Seven (G7) format does not reflect the global economy as a whole, which is why Moscow focuses on the G20 and BRICS (Brazil, Russia, India, China, South Africa), Peskov told reporters on Monday.

Asked to comment on Western analysts’ report saying that the share of BRICS nations in the global GDP has surpassed that of G7 countries, he said: “Irrespective of the findings by these experts, it is safe to say that the economic clout of BRICS countries in the global economy is constantly growing.

Russia believes that the G7 format “obviously” fails to reflect the economic wants and needs of the planet because the global economy is far from being limited to G7 nations. “The broader grouping, the G20, far more closely reflects the real state of affairs, which is what we are concerned with,” he added.

The G7 is an integration of developed countries, which consists of the UK, Germany, Italy, Canada, the US, France, and Japan. It mainly focuses on searching for solutions to global political and social problems. The organization existed in a seven-member format from 1976-1997. After Russia joined the organization it was called the G8. In March 2014, as a result of the events in Ukraine and the ensuing crisis in relations between Moscow and the West, the organization decided to return to the G7 format.