G20 Summit: Putin conveys to inability to attend in telephone talk with PM Modi, will be represented by FM
G20 Summit: Prime Minister Narendra Modi on Monday had a telephone conversation with Russian President Vladimir Putin, reviewing progress in bilateral cooperation and exchanging views on regional and global matters of mutual concern.
According to a PMO release, President Putin expressed his inability to attend the G20 Summit in New Delhi and said that Russia would be represented by Foreign Minister Sergey Lavrov.
PM Modi expressed understanding for Russia's decision and thanked President Putin for Russia's consistent support to all initiatives under India's G20 presidency, according to the statement.
“The two leaders reviewed progress on a number of issues of bilateral cooperation and exchanged views on regional and global issues of mutual concern, including the recently concluded BRICS Summit in Johannesburg,” the release stated.
The two leaders decided to maintain communication.
The G20 Presidency is held by India, and the G20 Summit will be place in Delhi on September 9 and 10.
Following the Asian financial crisis in 1999, the G20 was formed as a platform for Finance Ministers and Central Bank Governors to discuss global economic and financial issues. Following the global economic and financial crisis of 2007, it was elevated to the level of Heads of State or Government, and it was declared the "premier forum for international economic cooperation" in 2009.
The G20 countries account for around 85% of global GDP, more than 75% of global trade, and almost two-thirds of the global population.