The G20 format is impossible without Russia and mechanisms that can be used for expelling Russia from the G20 do not exist, Russian First Deputy Prime Minister Igor Shuvalov said at the St. Petersburg international economic forum.
"The G8 has now virtually transformed into the G7 due to the events with Ukraine. The G7 leaders decided not to participate in the Sochi summit scheduled to take place in early July and said they will meet in Brussels in June," he said.
The situation with the G20 is different. Shuvalov said.
"There is no chance of expelling Russia from G20. Moreover, when the G8 summit was held in Russia in 2006, they said that the G8 format would sooner or later transform into the G20 format. The G20 was formed during a crisis and this format is highly popular," Shuvalov said in an interview with Forbes TV at the St. Petersburg international economic forum.
"The G20 format is stable. I don't know if I will ever see the G7 dissolve into the G20, but it is clear that the G20 should play a more serious role. The G20 is impossible without Russia. And there are no mechanisms for expelling Russia from the G20," he said.
All rights reserved by Rossiyskaya Gazeta.
to our newsletter!
Get the week's best stories straight to your inbox