Russia’s plans for chairing the G20 in 2013 go further than staging a pompous summit in St Petersburg similar to the Asia-Pacific Economic Cooperation (APEC) summit in Vladivostok in September 2012.
Russia acknowledges the imperative of focusing on economic matters but cannot make much use of its advantage of the major energy exporter because the energy security agenda has declined in importance. There is little understanding in Moscow of how to combine the financial deliberations with the agenda of growth and jobs.