Embassy of the Russian Federation in the Republic of Botswana
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16 july

Press release on the Outcomes of the G20 Summit in Osaka, Japan

On June 28-29, 2019, the G20 summit which is the 14th in the history of the group, whose members account for about 90% of the global GDP and are home to approximately 60% of the global population was held in the Japanese city of Osaka. Apart from leaders of the G20 states, the leaders of Vietnam and Thailand, Singapore, The Netherlands, Egypt, Spain, Senegal and Chile have also been invited. The summit’s events were attended by chiefs of leading international organizations, including UN Secretary General Antonio Guterres, World Bank President David Malpass and International Monetary Fund (IMF) Managing Director Christine Lagarde. More than 7,000 journalists were accredited to cover the event.

The situation in the global economy as well as trade and environment-related issues topped the Osaka-hosted summit’s agenda. Concluding the outcomes of the Summit, the Russian President Vladimir Putin emphasised four key points.

Firstly, all the participants reconfirmed their commitment to continue efforts to improve the global trade system, including the World Trade Organisation reform. Secondly, the parties, except for the United States, were able to coordinate their position concerning the implementation of the agreements under the Paris Accords. A positive moment is the US readiness to work on the environmental agenda under their own programme. Thirdly, during the G20 summit the preventive measures on countering online terrorism was concluded which is utterly important not only for the G20 nations but also for the whole world. In the end, the G20 agreed the common approaches to the digitalisation and the work on artificial intelligence (AI). It is giving recommendations and indicating a direction for its development.

This G20 summit has already been called a summit of bilateral meetings, because they were drew even more attention than the G20 itself. For instance, the Head of the Russian state V. Putin began his work program with a meeting with his BRICS colleagues – Brazil, India, China and South Africa. Its members discussed their role in the global financial system, aspirations for continuing the International Monetary Fund reform and the "BRICS plus" format as a natural development of BRICS cooperation.

Later, a meeting of the leaders of Russia, India and China took place. The parties underlined the need to build a fair world order without protectionism measures and unilateral sanctions. It was noted that the cooperation of China, Russia and India is a good sample of relations in this new world.

The meeting between the President of the Russian Federation and his US counterpart Donald Trump was the most anticipated. Their negotiations lasted 80 minutes with a broad range of issues being discussed. They touched Syria, North Korea, the US trade war with China and disarmament issues, agreed to launch the negotiation concerning the III Strategic Arms Reduction Treaty prolongation.

The Russian President V. Putin also discussed the Scripale case, trade and economic relations with British Prime Minister T. May, the Syria, Ukraine and Iran issues with the German Federal Chancellor A. Merkel, mining and the upcoming “Russia-Africa” summit in Sochi on October 24, 2019, with the South African President C. Ramaphosa and the extension of the agreements with OPEC regarding oil production cuts with the Saudi Crown Prince M. bin Salman.

The Embassy of the Russian Federation

in the Republic of Botswana