Vladimir Putin, President of the Russian Federation and of the G8 Group of Nations addresses the world.

Russia is hosting the G8 summit for the first time and we understandably placed a lot of importance on this meeting. Intensive work has been ttaking place over many months, including at the highest expert level.
    We are pleased that our partners have reacted with understanding to the ideas and proposals Russia put forward for this summit. It is clear that Russia’s growing economic potential is enabling it to play an increasingly important role in global development and we are ready to participate actively in carrying out all the initiatives put forward.
    I would like to take this opportunity to thank our G8 colleagues for the interest they have shown and for the work that has been done together. This has enabled us to achieve some very good results. I note also that the G8 continues to become more democratic and open, as can be seen by the fruitful participation of the leaders of Brazil, India, China, Mexico and South Africa, and by the international organisations, including the CIS and the African Union, in our work together.
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