Bloomberg News

G-20 Finance Ministers to Focus on Spillover Effects in July

June 07, 2013

G-20 may include countries’ right to independently decide on short-term policies in July communique, setting in writing “what is already accepted de facto,” Deputy Finance Minister Sergei Storchak tells reporters. * Storchak speaking after G-20 meeting of deputy finance ministers in St. Petersburg. * G-20 probably won’t set debt-reduction targets at summit in September, unlike in Toronto in 2010: Storchak *G-20 weighing creation of tax information exchange; tax was “about the hottest issue” at St. Petersburg meetings: Storchak

To contact the reporters on this story: Stepan Kravchenko in Moscow at; Olga Tanas in Moscow at

To contact the editor responsible for this story: Balazs Penz at

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