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SPEECHES, INTERVIEWS, ARTICLES

22.02.2013

Russia's Initiatives for the G20 (by Ambassador Alexander Yakovenko, The Huffington Post, 21 February 2013)

On 15-16 February Moscow hosted the first Meeting of the G20 Finance Ministers and Central Bank Governors under Russia's G20 presidency. The event was a major preparatory step towards the upcoming G20 Summit in Saint Petersburg on 5-6 September. Participants discussed a wide number of pressing issues, including "traditional" G20 topics such as global economic outlook, implementation of the Framework Agreement for Strong, Sustainable and Balanced Growth, international financial architecture and regulation reform. Investment financing, government borrowing and public debt management, were also discussed. Three of the most widely discussed issues of global finance today - currency markets volatility, national tax base erosion and profit shifting by multinational corporations were also considered in Moscow and mentioned in the communiqué.

The financial problems that most of the world's big economies first confronted in 2007-2008 are still affecting the global economy. No country can face today's challenges on its own. The time when crises were local and isolated in nature is in the past. The need for collective action places tougher demands on our global governance institutions and calls for closer coordination of economic policy. Examining the relevant institutions, creating new and effective instruments for eliminating the global and regional imbalances that have built up, and stimulating growth in all parts of the world - these are the main tasks for the G20 and for our presidency. The systemic failures in the previous regulatory system that have led to the breakdown of trust, still need to be addressed by the global community, and the G20 should play a key role in these joint efforts.

Russia proposes focusing the G20's agenda on the forum's main tasks: achieving balanced growth and creating jobs. Our priorities are to encourage investment, increase transparency, and make regulation more effective. These priorities make it possible to unite all areas of the G20's work in order to reach the set objectives. We propose discussing development of capital markets and the financial investment instruments used in global trade, examining regulation of the financial sector and its infrastructure at the global and national levels. Employment and job creation, including for vulnerable groups of population, are also important items on the agenda - that is why Russia is planning to host a joint meeting of finance and labour ministers, the first of its kind, in July.

The two additional priorities Russia has proposed to be discussed by the G20 this year reflect our own domestic social and economic priorities. We have intensified our efforts over the past few years to make investment growth the primary driving force in our economy. Structural reforms are making good progress. Together with the business community we are pursuing a national business initiative to follow "roadmaps" for improving the business climate, reduce administrative barriers, and simplify access to financial resources.

We are continuing to develop our financial infrastructure and are putting in place the right conditions for institutions that can put "long money" into the economy. Among the planned reforms is the project to establish a mega-regulator in consultation with the Russian Central Bank, which will be tasked with enhancing financial regulation standards and strengthening market participants' confidence.

We also continue to pay full attention to budget stability issues. Russia has one of the lowest government debt levels in the world. This year the so-called "budget rule" went into effect, designed to make our budget less dependent on oil prices. We are aware of our problems and will work consistently on making the budget process more predictable, and sustainable in the long run.

I want to stress how important the meetings of finance ministers and central bank governors are. By the time the G20 leaders arrive in Saint Petersburg in September, a number of important financial track issues have to be worked through and reported at the ministerial meetings in April and July, such as national medium-term fiscal strategies, long-term investment financing, IMF reform review, 'too big to fail' problem of financial institutions, derivatives markets reform, shadow banking, credit rating agencies, financial indices, OECD's plans on tax base erosion and profit shifting, financial inclusion and others. When it comes to some of the key issues, important to any country today, in current volatile economic conditions, discussions and agreements between the top finance ministers, their views and opinions cannot be underestimated.




LATEST EVENTS

17.01.2018 - Ambassador Alexander Yakovenko's remarks at the unveiling of memorial plaque in Sayes Court Park

Dear Mayor, Dear Councillors, Lady Joan, Ladies and gentlemen, It is now 320 years ago that a truly remarkable man set foot in Deptford. As you know, the Russian Tsar Peter, later named the Great, visited Western Europe in 1697—1698 under the nickname of Peter Mikhailov, with his Grand Embassy. He was eager to find out about the latest achievements in science and technology and create new diplomatic alliances. Of course, England couldn’t escape his attention. He mostly studied shipbuilding at the famous Deptford Dockyard, but he also met King William III, and, reportedly, Isaac Newton. Peter’s landlord, the famous John Evelyn, was also a respected scientist – a founder member of the Royal Society.


13.12.2017 - Ambassador Alexander Yakovenko's remarks at the Presentation of the 2018 FIFA World Cup Russia by Russia 2018 Local Organising Committee.

Ladies and gentlemen, dear friends, I am pleased to welcome you to the Russian Embassy at the Presentation of the 2018 FIFA World Cup Russia by Russia 2018 Local Organising Committee. It’s a common knowledge, that football is the most popular game in the world. It is an honour for us to host the 2018 FIFA World Cup for the first time in the history of our country. I believe that those who come to Russia to support their national teams will leave with unforgettable memories.


08.12.2017 - Ambassador Alexander Yakovenko's remarks at the Roscosmos "Sputnik" exhibition launch at Rossotrudnichestvo

Ambassador Alexander Yakovenko's remarks at the Roscosmos "Sputnik" exhibition launch at Rossotrudnichestvo (7 December 2017)


25.11.2017 - Ambassador Alexander Yakovenko's remarks at the reception at the Embassy dedicated to Russian Film Week (24 November 2017)

Ladies and gentlemen, Dear friends First of all, I would like to pay tribute to the outstanding Russian opera singer Dmitri Hvorostovsky who passed away this week. In 2015 he gave a concert in this very hall. I am delighted to welcome you at our reception dedicated to the Russian Film Week and the environmental causes it champions. This year their charity partner is World Wide Fund for Nature, which runs many projects in Russia in coordination and with support of the Russian Government. Russia has a unique, fascinating wildlife. A number of this week’s films show the natural beauty of our land and are sure to raise awareness of how fragile this beauty is. We appreciate the WWF effort in Russia and worldwide and call on everybody to become a supporter, especially this year, marked as Year of Ecology in Russia.


20.11.2017 - Ambassador Alexander Yakovenko's remarks at the launch of the Russian Film Week (19 November 2017)

Ladies and gentlemen, It is a pleasure for me to be at the opening of the second edition of the Russian Film Week here in London – which this year also spans to Cambridge and Edinburgh.


16.10.2017 - Unpublished letter to the Editor of The Times (sent 12 October)

Sir, If British MPs are free to speak out, wherever they wish, on any issue, why try to block their freedom of speech (“Helping Putin”, 11 October)? If a TV channel wants (and is legally bound) to present different points of view, why slam those who express these views? If the mere act of giving an interview to foreign media amounts to high treason, why does The Times interview Russian politicians without fear? And finally - while MPs critical of Russia are welcome guests on the Russian TV channel RT, does your paper give the same treatment to those critical of the paper’s owner? Konstantin Shlykov Press Secretary of the Embassy of the Russian Federation


25.09.2017 - PRESENTATION by Metropolitan Hilarion of Volokolamsk at the Christian Future of Europe Conference 22 September 2017, London

Your Eminences and Your Excellencies, dear Mr. Ambassador, conference organizers and participants, I cordially greet all of those gathered today at the Russian Embassy in London to partake in this conference dedicated to the question of the future of Christianity in Europe. This topic is not only not losing any of its relevance, but is resounding ever anew. Experts believe that today Christianity remains not only the most persecuted religious community on the planet, but is also encountering fresh challenges which touch upon the moral foundations of peoples' lives, their faith and their values. Recent decades have seen a transformation in the religious and ethnic landscape of Europe.


23.09.2017 - Ambassador Alexander Yakovenko's remarks at presentation of the book "The Mystery of Repentance" held at the Russian Embassy

I’m glad to welcome you here to a discussion of two prominent hierarchs of the Russian Orthodox Church and the Church of England, on Christian future of Europe.


12.09.2017 - Ambassador Alexander Yakovenko's remarks at the exhibition opening (“Scythians: Warriors of ancient Siberia” 12 September, British Museum)

Today the British Museum and the State Hermitage of Saint-Petersburg are once again proving their unique world class by bringing a whole new civilization to London. Ancient, and almost mythical, but creative, powerful and very different from what we have all known about antiquity – the Scythians.


14.07.2017 - Letter of Consul General Mr Andrey Pritsepov to the Herald newspaper, published 13.07.2017

I NOTE a rather questionable article by Mark McLaughlin (“Russians lurking near Faslane to eavesdrop on nuclear submarines", The Herald, July 11). Do you really believe that 145 million Russians would elect a leader who would command his nuclear submarines to chase someone's sole and lonely operative U-boat which is firing missiles in the opposite direction or Type 45 destroyers with faulty engines or an aircraft carrier without aircraft on it, all of them being located in Scottish waters?



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