The heads of state of the world’s leading economies discussed the problems in overcoming the effects of the global financial crisis, particularly in regard to implementing decisions that were made at the G20 summit in London. The Russian side insists on continuing to implement the positions reached in the final agreements at the end of the G20 summit in London.
In another discussion during a G8 working conference, the leaders discussed oil prices. Dmitry Medvedev expressed his view that it would be unrealistic to control oil prices through administrative measures. The President of Russia pointed out that this topic was discussed at the St Petersburg Economic Forum in June of 2009 where, according to a poll, the managers of major energy companies believed fair oil prices to fall between 70 and 80 dollars per barrel.
The leaders also discussed global problems such as climate change, assistance to developing countries, and current issues on the international political agenda, including the non-proliferation of weapons of mass destruction, the situation regarding Iran’s nuclear programme, North Korea’s nuclear programme, the Middle East peace process, and other regional issues.
At the end of the first working meeting, the G8 leaders passed a number of documents.