Putin to address digital economy development, global trade at G20

Putin to address digital economy development, global trade at G20

Russian President Vladimir Putin plans to raise the issue of digital economy development and outline his vision of the situation in the international trade system at the G20 summit, set to take place in Buenos Aires on November 30-December 1, Russian G20 Sherpa Svetlana Lukash told reporters on Thursday, TASS reports.

"We have proposals, which the President will voice at the summit," she added, pointing out that the Russian side "aims to actively engage in the discussion."

The Sherpa also said that the program of the entire summit will take two days and comprise five main sessions of different formats. "Generally, the priorities of Argentina's G20 Presidency are focused on the issues of a fair and sustainable development of the world," she emphasized. "We’ve tried to assess how the world is going to develop in the next 10 years given the current challenges, primarily those related to digitalization of the economy, how labor markets will change and how people need to be adapted to it, and which steps governments should do about that."

Lukash added that this time the summit will open with informal talks, involving only the leaders of G20 states and Spain. The purpose of this format is to build a dialogue on the development of the world for the next decade given technological transformation in the global economy.

There are no political issues on the summit’s agenda, the Sherpa stated, noting however that such issues, as migration, etc., could still be addressed.