Prime Minister Dmitry Medvedev spoke at a plenary session of the World Economic Forum, "Scenarios for the Russian Federation," in Davos.

The Russian Prime Minister noted that he is attending the forum for the third time, but this time is particularly important, as Russia is currently chairing the Group of Twenty.

"I believe the G20 is becoming more effective and is bringing together most of the leading nations," Dmitry Medvedev said. "I remember the early days of the G20. I remember the skepticism that filled the room back then as we were going through a severe economic crisis. Nevertheless, we have created the G20, and it has played its role. We managed to consolidate the very different positions of many countries, and did so in time, otherwise the outcome would have been quite different. Therefore, we are prepared to cooperate in all mutually beneficial areas."

Here you can find the full text of the speech

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