US-Russia Tensions

The bilateral meeting between President Obama and Russian President Vladimir Putin initially scheduled in Moscow in September, before the Group of 20 summit, has been canceled. The cancellation was in retaliation to Russia granting NSA leaker Edward Snowden a year’s asylum in the country last week.

With the Group of 20 summit scheduled in St. Petersburg in September, it remains unclear whether US-Russia relations will have been resolved by then.

What are your thoughts on the matter? Will this disagreement negatively affect the G-20 summit on trade relations? Post your thoughts in the comment section below!

Weekly News -20th APEC Economic Leaders’ Meeting on Sep 08-09

Official photographs of APEC Economic Leaders

On September 08, the 20th APEC Economic Leaders’ Meeting kicked off in Vladivostok, Russia. Leaders from 21 economies declared four priorities on the agenda:

  • Trade and investment liberalization, regional economic integration;
  • strengthening food security;
  • establishing reliable supply chains;
  • intensive cooperation to foster innovative growth.

The Asia –Pacific region has been the drive of growth for global economy. Undoubtedly, the leading role of growth implies shared responsibility for economic recovery. Deeping regional cooperation and integration was the center-piece of the meeting. President Putin, in his opening remarks, stressed the importance to follow fundamental principles of open markets and free trade and called for an “action-orientated, focused, courageous and visionary” cooperation for economic growth and global recovery.

For more information: http://www.apec.org/