Vladimir Putin addressed the meeting of the heads of delegations of the G20 member countries, invited states and international organisations.
The summit chaired by Saudi Arabia is held via videoconference on November 21–22.
The forum’s agenda includes issues of tackling the impacts of the coronavirus pandemic, providing universal access to vaccines, strengthening healthcare systems, global economic recovery and employment, as well as cooperation in the digital economy, fighting climate change, environmental protection and countering corruption.
* * *
President of Russia Vladimir Putin:
Colleagues,
The scope of problems humanity has faced in 2020 are truly unprecedented. The coronavirus pandemic, global lockdown and frozen economic activity have launched a systemic economic crisis the world probably has not known since the Great Depression.
The growth of national economies has been severely undermined. The pandemic claimed dozens, hundreds of thousands of lives while millions of people have lost their jobs and incomes.
The main risk, obviously, even despite some positive signals, the main risk remains: mass long-term unemployment, a so-called “stagnant” unemployment with the subsequent growth of poverty and social insecurity. The role of the G20 is to stop this from happening.
Russia highly values Saudi Arabia’s efforts during its G20 Presidency. In the present situation, the forums’ agenda was re-focussed towards global economic recovery and the protection of people’s health and wellbeing.
Drawing on the experience of fighting the 2008–2009 global financial crisis, the G20 launched a number of multilateral initiatives to curb pandemic-related economic risks and to restore business activity including via key global management institutions, namely the United Nations Organisation, the World Health Organisation, IMF, the World Bank and others.
Our countries have designed a package of incentives for the world economy totalling $12 trillion. The US President has spoken now about the US efforts – indeed, it is a very big contribution to the recovery of the American economy, which also means the recovery of the world economy.
We all together facilitated the emergency mobilisation of $21 billion for essential medical needs and gave a start to international cooperation in developing, producing and distributing vaccines.
Like other nations, Russia took unparalleled anti-crisis steps as it gave top priority to the key and fundamental value – people’s lives and health.
To ensure the sustainability of the national economy and maintain social stability, Russia’s Government together with the Bank of Russia are implementing a comprehensive plan of assistance to the population, small and medium-sized businesses and industries in the risk zone. Support was provided to the banking sector and regional budgets, businesses were issued loans while government investments were increased. The current volume of anti-crisis budget support totalled 4.5 percent of the GDP.
The timely adoption of these targeted measures allowed Russia, as well as the majority of developed countries, to mitigate the economic decline, to enhance the healthcare system and get through the hard times without irreparable losses. Both our accumulated reserves and attracting loan resources in the domestic market helped to finance the above measures.
Yet we are aware that the developing economies and some emerging market economies objectively lack such resources. Their fiscal revenues have plunged while the need to allocate considerable funds for fighting the pandemic is growing practically daily. National currency devaluation carries a big risk, and respectively, the cost of servicing on the state debt, primarily for low income countries, which have two thirds of their loans in US dollars.
The IMF and the World Bank rendered significant assistance to developing countries. Following their proposal, G20 made a decision in April to install a temporary moratorium on developing nations’ debt payments. That is certainly a much-needed initiative, but it only covers the poorest countries. It does not include their debt to private creditors and concerns less than four percent of the developing countries’ overall costs of servicing state debt in the current year.
I believe additional measures are needed to prevent the deterioration of the situation and the growth of economic and social inequality.
Urgent issues that have accumulated in international trade also need to be addressed. Thus, it is necessary to try to contain protectionism, to abandon the practice of unilateral sanctions and to resume delivery chains. We spoke about this just yesterday at another international platform, APEC.
Adjustment of multilateral universal trade rules to e-commerce (much needs to be done in this area) and other new economic realities are also on the agenda.
On the whole, the G20 should continue searching for new approaches to reforming the World Trade Organisation to meet present-day challenges. This task defies a solution without a stable and effective multilateral trade system, but at present, there is no alternative to the World Trade Organisation.
Russia supports the draft key decision of the current summit aimed at making effective and safe vaccines accessible for everyone. Undoubtedly, immunisation drugs are and must be universal public domain. Our country, Russia, is ready to provide the countries in need with the vaccines developed by our researchers. This is the world’s first registered vaccine Sputnik V, based on human adenoviral vectors platform. The second Russian vaccine, EpiVacCorona from a Novosibirsk research centre, is also ready. The third Russian vaccine is coming.
The scale of the pandemic compels us to engage all the resources and research available. Our common goal is to form portfolios of vaccines and ensure reliable protection for the planet’s population. It means that there will be enough work for everyone, colleagues, and I think it is a case when competition may be inevitable but we must proceed primarily from humanitarian considerations and make it a priority.
Let me stress – this crisis must become an opportunity to alter the trajectory of global development, preserve the favourable environment and climate, ensure equal conditions for all nations and peoples, build up effective tools of multilateral cooperation and key international institutions while drawing upon the UN Charter and universally accepted norms and principles of international law. We see this approach to solving global issues as the key task and responsibility of the G20 as the main forum of the world’s leading economies.
Colleagues, I would like to once again thank the hosts of today’s event, Saudi Arabia. Thank you for your attention.
I wish my president would speak with such conviction and compassion toward all people in the world. My only regret with President Putin is his acknowledging the host country. The host country, Saudi Arabia, is in the midst of destroying and committing genocide in Yemen to further its strategic maritime position.
Putin is a diplomat, which embodies the very notion that they all act courteously even if one hand grasps on hold to a dagger. In modern day America, true diplomats have gone almost extinct.
Russia is not Iran. Russia practices pragmatic realpolitik. Not saying one is better than the other; just stating facts.
Agree, according to the bible, that your word been yes yes, no no. Diplomacy never turns a no to a yes, so, SA not deserves this distinction.
I think that’s how you differeniate between a courteus, world statesman and an international thug. Similarily try a comparison between Lavrov and Pompeo….day and night.
President Putin is the world’s most important and trusted leader.
This speech sets the agenda. The smart nations will work in concert with Russia (and China) because it is in their interests. Putin puts up action. He ver recently forgave debts of nations in Africa owed to Russia. He understands they had little chance of paying the debts for decades and this clearance helps them move forward with economic development.
This is another of his famous touchstone speeches.
His wisdom is a torchlight in the darkness.
It is clear now to me that Putin is towing the Globalist line. I had hoped he would be a voice of sanity amidst the insanity of this ‘pandemic’, but alas, he is not.
@Jason T,
Thanks for the laughs.
A Globalist???? Towing the line????
You’ve got me “in stitches”.
Larchmonter445
I concur. The statement is funny indeed.
Very sad indeed. I had higher expectations on him.
To Anders N
As I have said before, some people on this forum express not opinions, but attitudes. Very sad indeed to see that no lights switch on.. “Had higher expectations of him”?! That is as an obtuse comment as someone can make of President Putin. What he has done with Russia since becoming it’s Head of State is legendary – the man is without equals. Russia under his Presidency is the envy of many in this world right now, all thanks to him, his abilities and his vision, not to mention an extremely hard work being at the helm of such vast and diverse country.
Please get yourself some better information – it would save you from making statements like that.
Nobody has replied or answered to the original comment by JasonT. In case this site has a policy agreeing with covid19 being indeed a severe danger as puplished by worldwide mainstream media, your comment is completly correct. But if this puplished danger is called into question as some ppl do, it is only logical to ask some more questions as to why all the worlds governments are acting as if the heaven is red, when in fact it is still blue.
Nobody doubts the deeds of the cremlin in the last 20 years. The question must remain legal though what has really happened in 2020 and why.
My answer to JasonT would be that nations can deal happily with each other on topic A while fighting heavily on another topic B. Its all just intrests. Aka towing the line on A doesnt mean also on B. At least i hope so. Remember Bretton Wood.
Anders N
You had higher expectations of him ? Indeed. Has he not done enough ? What he did will go down in history as absolutely remarkable.
Both you and JasonT remind me of disinformation artists who showed up on the Internet after Putin’s arrival on the political scene. One of the methods used against Putin was an attempt to portray him as a “freemason”, and this has been done on a number of occasions. Articles would appear on the history of freemasonry. Well known freemasons were listed, and at the end of the list you would find Putin’s name, the intent being for people to swallow this little bit of disinformation, which was both laughable and absurd. The same method was, retroactively, used against Stalin, which is again absurd, bearing in mind what happened to Illuminati Trotsky.
I agree – It’s an obvious scam why not call it that .
”It is clear now to me that Putin is towing the Globalist line.”
Sounds interesting. I would never have imagined that things like debt cancellation abroad was the globalists’ idea. Why the hell did Putin kick out Soros from Russia?
Nussiminen
“I would never have imagined that things like debt cancellation abroad was the globalists’ idea. ”
Go check out WEF`s pages.
“You will own nothing and be happy™”
Armstrong economics have a bunch of links, Q&A`s and reports on the topic too+ a bunch of other sites, it is not hard to find.
Debt cancellation, no private property and emoney is the wet dream for the malthusian davos, gates and WEF billionaire club🤷♂️ Control and fewer deplorables that steal food from the mouths of poor oppressed billionaire children.
(ps. please do not mix me into the Putin discussion! I only wanted to give you a few hints at where to start researching globalist debt cancellation.)
Nussiminen
found a vid with schwaab, cLoWn PrInCe ChArLeS and another oppressed billionare, telling us their goals.
https://www.youtube.com/watch?v=pF_kXE-HXSQ
I do think the hosts 25sec rant about Iran is the price he pays for showing clips where the oppressed billionaires are shouting their goals “from the rooftops”..
It is no secret, why do you think many of us are so annoyed at covidian cult members larping as #science following dissenters?
I will not bow down and submit to fascism for something i have more then 99.5% to survive bc #science, peLosi, WHO and msm say so. And i will certainly not submit to those poor oppressed malthusian billionaires fascist dream society, i would rather die.
Globalist strategy is to provoke Russia into overspending. Similar to what they did to Soviet Union during the cold war.
It is funny to see how they keep trying to use same old trick over and over again, and expect that this time Putin will fall for it, like his predecessors did.
Having said that, I can’t understand why Russia cancels debt to other nations.
Predictably, Globalists will salivate at opportunity to tight the noose on them for the same amount.
Could be bait for some goal. We will see.
There are a number of videos on the network : Big Important foreigner comes to visit the local Big Importants. He descends from the plane to the strip of red carpet. Somebody’s four-year-old daughter is pushed forward carrying a bouquet of flowers.
Unless you are Russian, your President, my President, bends a bit at the waist, takes the flowers, mumbles something, passes the flowers to an Aide, presses past the girl.
If you are Russian, your President kneels, says something which only the flowergirl can hear, asks for the flowers if she does not thrust them at him, says something else, rises, waits for somebody to collect the girl, then proceeds, carrying the flowers. Many years later, the little girl, and hundreds and thousands of other little girls who don’t distinguish themselves from what they see on tv, tell their daughters and granddaughters, how the Great Khan of the Russians knelt to her, and praised her for the bouquet she made for him. Even if they are cynical and tired of the old bat bragging it over and over, even if they grow up selling their bodies to, and rolling drunken american GIs, for spare change, they have seen the internet videos of the Great Khan treating Mother, Grandmother like an real person.
The local Big Importants, of course, are not much interested in flowers and polite Khans. But a billion dollars is a billion dollars, whether it disappears into a secret City of London bank account, or builds a hospital, or holds the IMF at bay. It will be appreciated. Well appreciated.
And what is a billion dollars worth to Russia? If they can’t spend it in Disney World? If they can’t collect it from an impoverished fourth-world nation?
To Blackring
Let me try to explain as to why Russia has forgiven debts of some very poor African countries. Although I though it was obvious – these very poor African nations had no hope in hell of ever re-paying their debts, so, might as well cancel those. The reason?
Here, let me give you an example – let’s say that one is on the bones of his a-se, no job prospects but still owes the bank say, over $20 thousand. I can imagine that is like having a very heavy stone tied round your neck and pulling you down. Then imagine that the bank send you a letter informing you that they had cancel your debt to them. Heavy stone is gone, one can at last stand straight, take a deep breath and start looking for some better opportunities, without anything dragging you down. You are free. Same approach here – you give people a chance to prove themselves, which they might just do when they do not have any burdens to bear. Simple psychology. Russians are that kind of people to help others, what’s more, help these who can appreciate it. Ungrateful ones get that kindness shown to them exactly ONCE..
……to alter the trajectory of global development……while drawing upon the UN Charter and universally accepted norms and principles of international law.
From Peter “so called great”, Russia was international. International marriages, international children. Russians were serfs. Than came revolution inter-comrades, Russians become proleters. Nowaday Russians are citizens of Elvira-Kudrin-Sreder International. Presidents become Valdai manager commercialist…….. is ready to provide the countries in need with the vaccines developed by our researchers. Like Trump in US. Bidders and sellers of goods.
“It is clear now to me that Putin is towing the Globalist line”
I suspect he had little choice. If he did not go along with the lockdown nonsense that has nothing to do with preventing an airborne virus that is almost harmless from spreading, he would have been demonised to hell by the MSM of the West.
Just read the American-controlled “Moscow Times” to see how they exaggerate the casualties from this virus. A “case” is not a “case” when the person has no symptoms. That is pure Bernays speak – propaganda.
“Russia has confirmed 2,089,329 of coronavirus and 36,179 deaths”. That don’t mention that these death were of people over 75 who cancer, diabetes, hypertension, heart condition etc.
Compare the Belarus publication:
https://eng.belta.by/society/view/belarus-coronavirus-update-100749-patients-recover-135171-2020/
They mention “100,749 patients recover” and “1,081 COVID-19 patients suffering from a number of chronic diseases have died”
A totally different version of reality
If he did not go along with the lockdown nonsense that has nothing to do with preventing an airborne virus that is almost harmless from spreading, he would have been demonised to hell by the MSM of the West.
Best answer yet!
And it’s “toeing”, as in standing where you are directed to stand.
Putin is a Jew, a Zionist, that’s what you try to suggest?
If I was a Russian, I would be proud of this statesman-like statement. As an inostranets, I can simply be happy that it was expressed.
Whenever I come across strange weather phenomena as this ice storm in the Russian Far East I’m immediately reminded of 2 things the first of which is the Ice storm of the Century that hit the East Coast of the US one year before 9/11?
Second thing is this scripture from the Book of Job:
God’s voice thunders in marvellous ways; he does great things beyond our understanding. He says to the snow, “Fall on the earth,” and to the rain shower, “Be a mighty downpour.” So that everyone he has made may know his work, he stops all people from their labor. The animals take cover; they remain in their dens. The tempest comes out from its chamber, the cold from the driving winds. The breath of God produces ice, and the broad waters become frozen. He loads the clouds with moisture; he scatters his lightning through them. At his direction they swirl around over the face of the whole earth to do whatever he commands them. He brings the clouds to punish people, or to water his earth and show his love. Job 37:5–13.
Now if everything is written including climate change this can’t be a coincidence. Should we not be asking a different set of questions then? Like for example if this ice storm really is Divine Communication then what pray tell is going on over there or being planned perhaps behind closed doors that it would attract the attention of Heaven? Further to this is the unbelievable scale of death of sea life on the shores of the Russian Far East?
What is going on?
God is not constrained by the writings of men.
@ Otter
“Only unbelievers think to bend Him to their wills with nets of words.”
Ah, yes, but what does one do when the ‘nets of words’ are accompanied by wonders? Moses for example and how the priests of Egypt copied the miraculous the turning of branches into snakes? For that Moses was mocked and ridiculed and Egypt ultimately destroyed for laughing and mocking the Creator!
Further to the words:
“God is not constrained by the writings of men.”
That may be true but isn’t God restrained by the character and morality of man ie Job for example or Daniel even and their faith and righteousness? This scripture Ezekiel 14: 12-16 best exemplifies that surely:
12 The word of the Lord came again to me, saying,
13 “Son of man, when the land sinneth against Me by trespassing grievously, then will I stretch out Mine hand upon it, and will break the staff of the bread thereof, and will send famine upon it, and will cut off man and beast from it.
14 Though these three men, Noah, Daniel, and Job were in it, they should deliver but their own souls by their righteousness, saith the Lord God.
15 If I cause noisome beasts to pass through the land, and they spoil it so that it be desolate, that no man may pass through because of the beasts,
16 though these three men were in it, as I live, saith the Lord God, they shall deliver neither sons nor daughters. They only shall be delivered, but the land shall be desolate.
Otter study the Dust Bowl of the 1930’s America and you can see this clearly being proved!
Only unbelievers think to bend Him to their wills with nets of words.
The idea of the Book of Job is that
1. our perception of Evil is to separate it from the warp and woof of physical reality in which it seems to hold sway
2. our perception is limited to the small picture i.e. this lifetime and ourselves; whereas the Divine is the big picture
3. our real being is timeless—i.e. Job gets everything replaced… or for those who are into it , “next lifetime” he gets what he lost .
He is tested sorely but refuses to ” curse G-d and die” as urged by his wife and he refuses to strike a plea deal with his false “friends”. He insists on “going to the Source”—that is a perilous journey. Arjuna does the same in the Bhagavad Gita.—check it out.
This is a political/diplomatic statement and as such is passable. Putin speaks of altering the ” trajectory of global development”. and that dangles tantalizingly and obviously as the main issue.
So how can one do so with a moratorium on servicing of developing countries’ debt ( 2/3 in dollars) only applying to a few of the most poor and which ,anyway, covers only less than 4% of the costs of such?
Do we have any discussion of loan jubilee? Anywhere? That would kill the retirement portfolios of professors like my brother and all the rest of the aging intelligentsia/professional class of the technofascist beast of the USA.
So we do not have that discussion. Maybe after episodes of mass starvation, we will.
Notable is the fact Putin & Russia are trying to help small and middle size businesses who keep people employed – unlike the US & UK & EU establishment & globalist multi-nationals (not talking about Trump) who are deliberately trying to smash them so global big business can steal mkt share and make mega profits (Amazon etc..) making ordinary people poor and suffer under this fraudulent COV-19 lockdown scam (which is similar to the 1930-32 period.
Putin, unlike them, will get re-elected.
As Putin notes developing economies lack resources and that demonstrates the need for the IMF, World Bank, FED, ECB, BOE to give them the funds to cope. And give means give, not lend.
He’s a globalist. Putin is putting on the Ritz for the UN, WHO, The World Bank and IMF, said so himself. I’m sad that we cannot look to Russia for a new gate to pass through.