Rising oil prices and inflation are the key issues that will be addressed by G8 finance ministers as the world's richest nations meet in St Petersburg.
According to a draft communique, high and volatile oil prices are a threat to the world economy and they need to be dealt with as a shared responsibility.
Oil prices have risen sharply in 2006, as geopolitical threats have increased.
The two-day Russian meeting started on Friday and is a forerunner to the G8's annual meeting set for 15 to 17 July.
Energy security
Russia's Finance Minister Alexei Kudrin stressed the need for G8 nations to address the issue of energy supplies as oil has surged beyond the $75-a-barrel mark at times this year.
***
more:
http://news.bbc.co.uk/2/hi/business/5064196.stm
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
