Press release on a Foreign Ministry Collegium meeting


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On March 30, Foreign Minister Sergey Lavrov chaired a meeting of the Foreign Ministry Collegium on the subject “Current issues of economic diplomacy.” The meeting was attended by Minister of Economic Development Maxim Oreshkin, Minister of Energy Alexander Novak, and Deputy Finance Minister Sergey Storchak.

The Collegium members noted the growing role of Russia's economic diplomacy in creating a favourable external environment for accelerating the country's socioeconomic development, expanding domestic non-primary exports, promoting priority projects, and countering illegitimate unilateral restrictive measures on the part of the West and discrimination against domestic companies on foreign markets.

The meeting participants reviewed ways for deepening integration within the EAEU and diversifying foreign economic relations, primarily through developing new markets, and prospects for forming Greater Eurasian Partnership. Based on the need to coordinate foreign economic and foreign policy efforts, a productive exchange of views took place on using the potential of various multilateral formats, including the G20, BRICS, the SCO, APEC, and international economic and financial organisations in order to promote a positive agenda aimed at maintaining stability in the global economy, complying with WTO standards and rules, preserving the stability of key markets and openness of the global trading system, and democratisation of the global financial architecture.

At the end of the meeting, specific areas of work in economic diplomacy were determined in light of the goals set in President Putin’s Address to the Federal Assembly of the Russian Federation of March 1, 2018.

The results of the discussion are included in the resolution adopted by the Collegium.