Russian President Vladimir Putin, speaking at the APEC summit in the format of a video conference, called the decline in industrial production and poverty amid the coronavirus pandemic an alarming trend.
According to him, tens of millions of people may find themselves below the poverty line. RIA News…
Putin also noted that economic contradictions are escalating between leading international players amid the pandemic.
According to the Russian leader, the indicators of international trade over the past six months have decreased by more than 15%.
At the same time, he noted that cooperation within the APEC framework, despite the difficulties associated with the coronavirus pandemic, is progressing.
“And this is confirmed by the rich and very meaningful agenda that we are discussing at today’s summit,” the Russian President said.
APEC is an interstate forum, which is attended by 21 countries of the Asia-Pacific region.
These states, including the USA, Canada, Russia, Australia, Vietnam, Indonesia, China, Japan, Singapore, Thailand and South Korea, account for about 60% of world GDP and 48% of international trade turnover.