Russia – World Economy: 0.25
The G8 made no specific commitments on the world economy and the international finance system. The G8 leaders discussed economic issues, including the European debt crisis and financial system reforms in their first working session at the Muskoka G8 Summit. President Medvedev emphasized the need to find collective ways of helping affected countries lower their budget deficits. An action plan on recovering and reforming the global economic financial system will be further discussed and revealed at the Toronto G20 Summit. At the Muskoka Summit, Russia did not receive statements of support for its bid to join the WTO and OECD, but Russia is working bilaterally with the United States and its G20 partners to achieve accession to the WTO by October 2010. Russia has earned a score of 0.25 on its global economy objective because Russia’s priorities were discussed, but no action plans were made at the G8 Summit.