Bloomberg News

Russia May Discuss Euro Zone, Reserves in BRICS Meeting at G-20

November 02, 2011

Nov. 1 (Bloomberg) -- Russian President Dmitry Medvedev may meet with BRICS leaders in Cannes, France, tomorrow, the day before a Group of 20 summit starts.

“The world economy, problems in the euro zone, reform of the international monetary system and regulation of the way reserves are accumulated will be discussed,” Sergei Prikhodko, Medvedev’s foreign policy aide, told reporters yesterday in Moscow. The BRICS group of emerging economies comprises Brazil, Russia, India, China and South Africa.

Medvedev also plans to hold separate meetings with Chinese President Hu Jintao and his Brazilian counterpart, Dilma Rousseff. All meetings are still to be confirmed as the leaders’ schedules are very tight, Prikhodko said.

Medvedev may also meet Indian Prime Minister Manmohan Singh, French President Nicolas Sarkozy and German Chancellor Angela Merkel on sidelines of the summit, Prikhodko said.

“There will be also contact between presidents Obama and Medvedev on sidelines of the G-20 summit and during multilateral meetings,” Prikhodko said. Medvedev will not have a separate bilateral meeting with Obama in Cannes, as a meeting may be held at the Asia-Pacific Economic Cooperation forum in Hawaii in mid- November, he said.

--With assistance from Lyubov Pronina in Moscow. Editor: Torrey Clark

To contact the reporter on this story: Ilya Arkhipov in Moscow at iarkhipov@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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