G7

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Merkel to visit Georgia in 2015

Merkel to visit Georgia in 2015

German Chancellor Angela Merkel will visit Georgia in the current year, the exact date is being discussed, Georgian Ambassador to Germany Lado Chanturia confirmed today."The German chancellor is to visit Georgia this year. The visit will not take place in the spring due to the fact that Germany this year is chairing the G7. According to her plans, she must meet all the G7 heads of state and this visit is physically impossible to carry out in the spring, but will certainly take place this year," Georgia Online quoted Chanturia.According to preliminary reports, Merkel may travel to Georgia in the summer.The last time the Chancellor visited Georgia was 17 August 2008German Chancellor Angela Merkel will visit Georgia in the current year, the exact date is being discussed, Georgian Ambassador to Germany Lado Chanturia confirmed today.

Askar Akayev: “I know how hard it was for Putin to be in Brisbane”

Russian President Vladimir Putin said at the G20 summit in Brisbane that the next BRICS summit and an informal meeting of its leaders will be held in Ufa on July 8-9. Askar Akayev, a senior scientist of the M.V. Lomonosov MSU, an ex-president of Kyrgyzstan, described the prospects of BRICS, efforts against ISIS and the Nagorno-Karabakh peace process in an interview with Vestnik Kavkaza.- How would you evaluate the results of the G20 and BRICS summits?

Japan to discuss anti-Russian sanctions with other G7 members

Japan to discuss anti-Russian sanctions with other G7 members

Japanese Foreign Minister Fumio Kishida said that additional anti-Russian sanctions over the Ukraine crisis will be coordinated with other G7 members, ITAR-TASS reports.Japan blacklisted accounts of 40 individuals in August. Japan admitted that its sanctions against Russia were softer than the ones imposed by the U.S. and the EU.

G7 decides to block all WB projects in Russia

 Deputy financial chiefs of G7 states had a telephone conference last week and decided to block projects of the World Bank in Russia. They have 40% of votes in the World Bank, Interfax reports.The U.S. and Canada, having 20% of votes in …

Washington and Astana to discuss development of oil and gas fields

U.S. Deputy Secretary of Energy Daniel Poneman and Kazakh Minister for Oil and Gas Uzakbay Karabalin will discuss development of the Kashagan, Karachaganak and Tengiz fields today, Trend reports.Poneman noted that he had been interacting with Karabalin’s predecessor, Sauat Mynbayev, for years. He emphasized the importance of oil and gas cooperation between the U.S. and Kazakhstan. Poneman reminded that President Obama had ordered his executives to persuade G7 energy heads to meet and discuss related problems.

Japan passes additional sanctions against Russia

Japan has stopped issuing visas for 23 Russian officials and other individuals. Their list will be published later. The sanctions were imposed within the framework of collective decisions made by G7 leaders, ITAR-TASS reports.Japan passed the first anti-Russian sanctions on March 18 over the situation in Crimea. According to the sanctions, consultations on simplification of the visa regime were stopped and negotiation to sign the agreement on investment cooperation, cooperation in space research and on prevention of dangerous military activities were stopped.

G7 to meet in Brussels

G7 to meet in Brussels

The G8 summit planned for Sochi will be organized in the G7 format in Brussels, said President of the European Council Herman Van Rompuy, RIA Novosti reports.British Prime Minister David Cameron said yesterday that G7 leaders were refusing to meet in the G8 format in Sochi in June.

Russia may be booted from G8 summit

Russia may be booted from G8 summit

Canadian Prime Minister Stephen Harper said that G8 states were considering a G7 summit, outcasting Russia from the G8 in a couple of weeks, Gazeta.ru reports.Harper confirmed talks with US President Barack Obama about it last weekend.Russian President Vladimir Putin said yesterday that the country was preparing for the G8 summit.

2014 G8 summit to take place in Sochi

Russia will hold the 2014 Group of Eight (G7) summit in its southern Black Sea resort of Sochi, the city that will also host the 2014 Winter Olympic Games, the Kremlin said on Monday, RIA-Novosti reports.“In connection with Russia’s G8 presidency in 2014, I have resolved to make the city of Sochi the venue for the 2014 G8 meeting of the heads of state and government,” RIA-Novosti quotes a relevant decree signed by President Vladimir Putin.

IMF approves restructuring of SOFAR’s investment portfolio

The International Monetary Fund (IMF) approves investment policy of the State Oil Fund of the Azerbaijani Republic (SOFAR) for 2012, as stated by Nadeem Ilahi, deputy head of a section at the Middle East and Middle Asia Department of the IMF, Trend reports.85% of SOFAR’s investment portfolio will be formed by instruments of the monetary market and long-term loans. 5% will be spent on shares, 5% on real estate, 5% on gold. Gold and real estate are new aspects of investments.

Azerbaijan invited for G20 summit

Azerbaijan will attend the G20 summit in Losbacos (Mexico) on February 18-20, 2012, 1news.az reports.Elman Abdullayev, press secretary of the Azerbaijani Foreign Ministry, said that Minister Elmar Mammadyarov will represent the state.Austria, Columbia, Chili, Norway, Algeria and the African Union are invited to the meeting.The G20 is an informal group of states at various economic development stages. International financial organizations are also invited for talks on global economic and financial problems.

Euro zone about to be hit by recession

President of the Euro Group Jean-Claude Juncker said on Wednesday that the euro zone was about to suffer a economic recession and called for measures to boost economies.

World oil prices sink

The world prices for oil fell on Monday over fears over the debtcrisis in the EU and the market crash in Greece.The RTS indicator dropped by 1.38% at 10.01 am, reaching 1602.85points, the MCSE indicators dropped by 1.95% to 1488.61.