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SPEECHES, INTERVIEWS, ARTICLES

30.01.2014

Growth, inequality are key challenges for global economy (by Alexander Yakovenko, Russian Ambassador to UK, for Russia Today)

In 2013 world leaders took a number of important policy decisions and practical steps that helped to tackle key risks, improve situation in the financial markets and sustain the recovery of the international economy.

We see signs of growth in the US, and Japan and the UK are also picking up. Some economic optimism is connected with the EU. While growth has continued in emerging markets, it has slowed down in some of them, not least because of commodity price volatility. Global economic prospects for 2013 have been marked down and up repeatedly over the last year, global rebalancing is incomplete, regional growth disparities are still strong, and unemployment, particularly among young people, remains too high. Despite all global efforts, the recovery is still weak. There is a strong evidence of decoupling between growth and living standards in the developed economies.

Important international economic challenges, as the G20 leaders pointed out in the St. Petersburg Action Plan (September 2013), include the rising volatility of international capital flows, expectations of eventual monetary policy recalibration in advanced economies and insufficient levels of private investment in many countries.

I would like to note some other challenges, which could also present considerable obstacles to global economic recovery: income inequality, deflation risks and loss of productivity.

The gap between the rich and poor was one of the focal topics at last week\\\\\\\'s Davos World Economic Forum (WEF). As the IMF Managing Director Christine Lagarde fairly put it: \\\\\\\"Business and political leaders at the WEF should remember that in far too many countries the benefits of growth are being enjoyed by far too few people. This is not a recipe for stability and sustainability\\\\\\\". Figures from 2013 show a decline in productivity in both rich and poor countries. As we all know, efficiency is crucial for long-term economic growth, and ultimately for lowering income inequality.

Were the negative trend in productivity to continue, the consequences for living standards would be gloomy.

The situation is further affected by a gap between GDP and income growth. They no longer seem to be linked to each other, breaching the post-WWII social contract.

Last, but not the least, in 2013 most advanced economies – the US, Japan and the eurozone – had inflation rates well below the targets set by their central banks. Some experts stress that the current situation could potentially lead to further deceleration of consumer prices in developed countries, and therefore to long-term deflation with a negative by-effect on the world economic growth.

Russia, as the G20 chair in 2013, tried to do its best to contribute to the international efforts aimed at making the global economy more efficient, transparent and sustainable. The outcome of this work is the St. Petersburg Action Plan, designed to boost economic activity and job creation, support the recovery and address near-term risks to the economic outlook, while strengthening the foundations for strong, sustainable and balanced growth through ambitious and well-targeted reforms.

Russia strongly believes that joint and coordinated actions are the most effective way to move the world economy forward. In this regard it is hard to exaggerate the importance of the G20 as a forum for open and engaged dialogue about all the economic challenges we face.




LATEST EVENTS

27.09.2018 - Remarks by Foreign Minister Sergey Lavrov at the UN Security Council meeting, September 26, 2018

Mr President, Colleagues, In the modern world, an efficient fight against the proliferation of weapons of mass destruction is becoming increasingly important for global and regional stability and the reliable security of all states without exception. Constructive cooperation in this area is an important component of the efforts to shape a positive international agenda. I think everybody agrees that the UN Security Council resolutions that outline specific measures against violations of non-proliferation must be strictly observed. Resolution 1540 remains the basis for this and contains obligations for the member states to take specific measures to prevent non-government agents from accessing weapons of mass destruction and their components. The UNSC decisions taken in pursuance of this resolution are particularly important as they include sanctions for handing over any types of weapons to terrorists. There have been incidents of such handovers and they must be thoroughly investigated.


07.09.2018 - Remarks by Ambassador Vassily Nebenzia, Permanent Representative of the Russian Federation to the United Nations, following the UNSC meeting on the incident in Salisbury

Q: Do you expect British sanctions on Russia soon? A: We are not expecting or afraid of anything. Taking to the account how things have been developing during the recent years we do not exclude anything. This discussion and yesterday’s speech by the British Prime-Minister in the British Parliament are not coincidental. I think that’s looks like a prelude to a new political season. Q: So, Ambassador it’s really coming from the highest level in the UK. A: It always comes from the highest level. Last time when the incident took place it also came from the highest level. Q: But it seems that you are not taking it seriously. A: We are taking it very seriously. We were saying it all the time. Why we’ve been asking for cooperation with the UK from day one. Only few minutes ago Ambassador Pierce was referring to an ultimatum that Boris Johnson made in his letter to the Russian Ambassador in London when the incident took place presented as a request by the British site to cooperate while in fact it was a demand to to accept the gilt. At the same time our requests which we sent to British authorities constantly through OPCW and bilaterally were ignored.


06.09.2018 - Foreign Minister Sergey Lavrov’s remarks at Bolshaya Igra (Great Game) talk show on Channel One, Moscow, September 4, 2018

Question: Today we have a special guest in our studio, one of the main participants in the “great game”, someone the future of the world really depends on in many ways: Russian Foreign Minister Sergey Lavrov. We are happy to welcome you in the Great Game studio. Sergey Lavrov: Thanks for inviting me.


22.08.2018 - Foreign Minister Sergey Lavrov's comment on UK Foreign Secretary Jeremy Hunt's anti-Russian claims

At a joint news conference following talks with Foreign Minister of Serbia Ivica Dacic Foreign Minister Sergey Lavrov commented on UK Foreign Secretary Jeremy Hunt's urges to European partners to slap their own sanctions on Russia in connection with the Salisbury incident.


16.08.2018 - Ambassador Alexander Yakovenko's interview for "Salisbury Journal"

The Russian Ambassador said he stands together with the people of Salisbury in a meeting with the Journal last week, as the United States announced new sanctions against the country. Speaking at his official residence in Kensington Palace Gardens on Thursday, Alexander Yakovenko said: “We are together with the people of Salisbury.”


24.06.2018 - Greeting by Ambassador Alexander Yakovenko for the Znaniye school Family Day (Ealing, 24 June 2018)

Dear friends and guests, I am delighted to welcome you at a Family Day celebrating Russia and the World Cup. Today, Russia is the place to be for the whole world. It is a great pleasure to hear fans from all continents appreciating Russia’s hospitality, friendliness and openness to everyone. Right now, people from virtually every country see the 11 host cities, from the Baltic Sea to the Urals on the border of Europe and Asia, and realize how diverse and beautiful our country is. We’d like to bring a bit of Russia and the excitement of the World Cup to Ealing, for those who couldn’t make it to the tournament. By the way, so far both our teams are doing very well, and let us hope they keep up this good work. We cheer for both Russia and England but I’m afraid this can change if both teams meet at the semi-finals.


20.06.2018 - Foreign Minister Sergey Lavrov’s remarks and answers to questions at the Primakov Readings international forum, Moscow, May 30, 2018

Mr Dynkin, Colleagues and friends, Ladies and gentlemen, I am grateful for a new opportunity to speak at the international forum named after Academician Evgeny Primakov, an outstanding Russian statesman, academic and public figure. It is indeed a great honour for me. I consider Mr Primakov, with whom I worked at the Foreign Ministry in the latter half of the 1990s, my senior comrade and teacher, as probably do the majority of those who crossed paths with him at one point. Holding this representative conference under the aegis of one of Russia’s leading academic institutes – National Research Institute of World Economy and International Relations (IMEMO) that also bears Primakov’s name – has become a good tradition. The Primakov Readings have earned a reputation as a venue for serious dialogue of authoritative specialists on the most pressing issues of international politics and the global economy. Today, there is no lack of buzzwords used by politicians, experts and scientists to capture the current moment in international relations. They talk about the crisis of the “liberal world order” and the advent of the post-Western era, “hot peace” and the “new cold war”. The abundance of terms itself shows that there is probably no common understanding of what is happening. It also points to the fairly dynamic and contradictory state of the system of international relations that is hard to characterise, at least at the present stage, with one resounding phrase. The authors of the overarching theme of the current Primakov Readings probably handled the challenge better than others. In its title “Risks of an unstable world order’ they provocatively, and unacademically, combine the words “unstable” and “order”.


21.04.2018 - Ambassador Alexander Yakovenko's talking points at the Press Conference, 20 April 2018

Since we met last time a lot of events took place: - Military strikes of the United States, UK and France against Syria in violation of the international law - Mission by OPCW inspectors to Douma - Speech of Prime Minister May in Parliament in support of the British aggression against Syria - Special meeting of the OPCW Executive Council (18 April 2018) - New developments in the classified case of Salisbury poisoning of Skripal family - No meaningful developments on the Glushkov case - and Cyber security threats I plan to comment all these issues. And I will be happy to answer all our questions, if you have any.


17.03.2018 - Ambassador Alexander Yakovenko's interview for "Mail on Sunday" (full text)

Q: Bearing in mind that the US, France and Germany have said they agree with Britain that all the evidence suggests the attacks in Salisbury were the responsibility of the Russian state, what credibility can be placed on the denials issued by the Russian Government? A:We don't know if UK presented any evidence to US, France and Germany - highly likely none - but if they did, why not present it through the channels outlined in the Chemical Weapons Convention? Universal legal principle is presumption of innocence, and the burden of proof lies with the British Government. Its record includes the Iraq WMD dossier - you will remember that at some point doubting US and UK claims was considered a wild conspiracy theory. It is not any more.


26.01.2018 - Main foreign policy outcomes of 2017

In 2017, Russian diplomacy addressed multidimensional tasks to ensure national security and create a favourable external environment for our country's progressive development. Russia maintained an independent foreign policy, promoted a unifying agenda, and proposed constructive solutions to international problems and conflicts. It developed mutually beneficial relations with all interested states, and played an active role in the work of the UN, multilateral organisations and forums, including the G20, BRICS, the SCO, the OSCE, and the CSTO. Among other things, Russian policy has sought to prevent the destabilisation of international relations, and this responsible policy has met with broad understanding in the international community.



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