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6/9/08

Xinhua: Russia' s Medvedev vows to turn Russia into stronger economic power

For the complete report from Xinhua click on this link

Russia' s Medvedev vows to turn Russia into stronger economic power

During the 12th St. Petersburg International Economic Forum running from June 6-8, thousands of representatives of the global elite discussed economic issues ranging from the national economic interests to the future development of Russia. As a major economic forum held annually in the region, the year's forum also marked the first post-inauguration international event for Russian President Dmitry Medvedev, who pledged to turn his country into a stronger economic power.

"Russia is a global player today. Understanding our responsibility for the fate of the world, we wish to participate in forming new rules of game, not because of the notorious imperial ambitions, but because we have official opportunities and resources here," he was quoted by the Itar-Tass news agency as saying. He also said the role the United States has played in the world economy does not correspond to its true capabilities, describing this as one of the key reasons behind the current global financial crisis.

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