When will 20 countries gather and where. World leaders arrive in Buenos Aires for the G20 summit

The G20 summit will take place on March 19-20, 2018. An event of significant importance for the cryptocurrency world. The main topic will be: “International regulation of cryptocurrencies.”

We, crypto enthusiasts, know that Bitcoin was created decentralized, and subordination of the technology to one person or another (state) is impossible. So what are they going to discuss?

Let's meet the participants. It includes the following states that are significant for cryptocurrency: USA, China, EU countries.

As you can see, there is global movement. What will happen on it? Only Trump knows 😀 Okay, jokes aside. I put forward a version: they will decide how to make money on crypto, and who will be allowed to do so. In short: dividing the pie.

Obviously, the easiest option to make money is to play on the course, the official one is the development of state. infrastructure, laws and taxation. Actually, the second option is what the media will tell us.

Game on course

I would like to recall the situation on February 6, when, after a hearing in the US Senate on the issue of regulation of cryptocurrencies, the rate, starting from $6,000, sharply went up. Then, having understood the situation, it was possible to conclude: the market was manipulated by the United States. They acted as an insider because they knew in advance the outcome of the Senate hearing.

If we take this fact into account, the thought of restarting such a working tool suggests itself. Now the G20 Summit will take the role of the US Senate.

Remember how, before that fall, we traders were under pressure from the news background. news came out almost daily. The main leader then was Bloomberg, who is moving the price down even now. Forecasting a fall all the way to $2800. Is this an accident? Did any of their predictions come true?

Insiders are buying millions of dollars worth of Bitcoin! Where can you get such a volume without moving the rate up? That's right, panic sale. He was then, he will be now. At least now we are seeing a rapid move from $11,700. When will it unfold? I assume during or after the summit, when a positive fundamental background will act as fuel. For example: the G20’s acceptance of Bitcoin as a means of payment, tax regulations.

Conclusion:

Think for yourself, will the G20 tighten measures to restrict trade and exchange of cryptocurrency after some states began to accept taxes in crypto, Germany officially recognized Bitcoin as a means of payment, and China is seriously thinking about creating a national exchange? Maybe everything will be limited to banal theses about the need to form a legislative framework and educate the population?

Personally, logic tells me that the summit will serve as fuel for growth, contrary to all expectations.

On December 1, the Russian leader will meet with American President Donald Trump in Buenos Aires. The Kremlin representative stressed that the time and place of negotiations have already been determined.

During the conversation, issues of bilateral relations, disarmament, and ensuring stability in the world will be discussed. Politics will be affected by the incident in the Kerch Strait, as well as the Syrian conflict. Ushakov noted that this meeting is equally important for Russia and the United States “from the point of view of the further development of the situation in general in the world.”

The presidential aide commented that the meeting will be held in a tete-a-tete format and its nature, content, and duration will depend on the leaders themselves. On the Russian side, it is expected that this conversation will be a continuation of the conversation in Helsinki.

As part of a bilateral meeting between Vladimir Putin and Japanese Prime Minister Shinzo Abe, a discussion is expected to create a new mechanism for negotiating a peace treaty between Russia and Japan.

Ushakov recalled that at a recent meeting in Singapore, the leaders of the two countries “agreed to speed up the negotiation process on a peace treaty based on the joint declaration of 1956,” TASS reports.

The presidential aide stressed that Russia is ready to continue negotiations on this topic. This requires "an appropriate atmosphere of trust and cooperation." Also during the conversation, strengthening trade and economic cooperation will be an important topic.

As part of the meeting between the Russian President and French President Emmanuel Macron on the sidelines of the G20 summit, the situation in Ukraine and the Middle East, as well as the US withdrawal from the Intermediate-Range Nuclear Forces Treaty (INF), will be discussed.

Ushakov commented that it is planned to consider the issue of coordinating actions to preserve the Joint Comprehensive Plan of Action on the Iranian nuclear program and ensuring European security.

Also on December 1, Putin will have a bilateral meeting with German Chancellor Angela Merkel. During the conversation, the leaders of Russia and Germany will discuss the situation in Syria and Ukraine.

There will be a meeting with Crown Prince of Saudi Arabia Mohammed bin Salman. During the meeting, it is planned to discuss the situation in Yemen.

Ushakov recalled that the Russian side calls for an early end to the bloodshed and the resumption of inter-Yemen dialogue under the auspices of the UN.

Before the opening of the summit, there will be a meeting of the leaders of the BRICS countries, a group consisting of Brazil, Russia, India, China and South Africa, and then an informal summit in the RIC format.

According to the presidential aide, at the BRICS meeting, Putin intends to draw attention to the need to unite the efforts of the world community in the fight against terrorism and in solving regional crises.

The global economic agenda will also be discussed. Putin will speak out in defense of the multilateral trading system with the leading role of the WTO, and will emphasize the need to continue reform of the IMF and global financial architecture.

Within the framework of a trilateral informal meeting between Russia, India and China, it is expected to discuss issues of forming and strengthening an architecture of equal and indivisible security, as well as building relations in the Asia-Pacific region.

Ushakov noted that Russia, India and China largely share the same points of view on issues of international politics and global economic development.

How many member countries are there in the G20? The G20, who is part of its forum. About this in the material on the site

Which countries are in the G20

The G20 consists of 19 countries. The club of governments and heads of central banks of the countries with the most developed and developing economies includes:

• Argentina;
• Australia;
• Brazil;
• Canada;
• China;

• France;
• Germany;
• India;
• Indonesia;
• Italy;

• Japan;
• South Korea;
• Mexico;
• Russia;
• Saudi Arabia;

• South Africa;
• Türkiye;
• United Kingdom;
• USA;
• as well as the European Union.

G20

In addition, representatives of various international organizations usually attend G20 meetings, including the Financial Stability Board, the International Monetary Fund, the World Trade Organization, the United Nations and the World Bank.

What is the G20

G20 is:

Source: theconversation.com: G20 Studies Centre, The Lowy Institute & The Global Carbon Atlas

GDP of G20 and rest of the world (2015)

Source: World Bank, Global Carbon

What is discussed at the summit

The G20 forum emerged in 1999 after the Asian financial crisis. It was then realized that emerging market economies were not adequately represented in global economic discussions and G7 decision-making.

• Until 2008, the group did not hold summits at the highest level; its main form of activity was annual meetings at the level of finance ministers and central bankers, trade representatives and anti-corruption working groups.
• Before the formation of the G20, there were attempts to discuss financial policy issues in two broader formats. In 1997, the G33 was formed, a group of 33 countries, which was replaced in 1999 by the G22, which lasted less than a year and gave way to the G20.

Who is invited to the G20 summit?

Spain is a "permanent invitee" and the G20 host country also invites several countries. In 2016, in addition to Spain, the following were invited:

• Azerbaijan;
• Benin;
• Brunei;
• Cambodia;
• Chile;
• Colombia;

• Egypt;
• Equatorial Guinea;
• Ethiopia;
• Kazakhstan;
• Laos;
• Malawi;
• Malaysia;

• Mauritania;
• Myanmar;
• Netherlands;
• New Zealand;
• Niger;
• Senegal;
• Singapore;

• Switzerland;
• Thailand;
• Vietnam;
• Zimbabwe.

Why the G20 summit matters

While the G7 is made up of rich countries, the G20 brings together leaders from both developed and emerging market economies to represent a wider range of views.

The 2009 summit in London, in particular, discussed the transition of the world economy to sustainable growth. It was decided:

• significantly increase the resources of the IMF - up to 750 billion US dollars;
• provide at least US$100 billion to support additional lending from MDBs;
• provide $250 billion in trade finance support;
• use additional proceeds from agreed IMF gold sales to finance the poorest countries on preferential terms.

Let us recall that in 1970, the UN General Assembly Resolution set out the goal of providing 0.7% of the gross national income of each developed country

On Friday, November 30, a two-day summit of G20 leaders begins its work in the Argentine capital Buenos Aires. Among the priority issues to be discussed at the G20 summit: the escalation of the conflict in Ukraine in connection with Russia’s actions in the Kerch Strait, the murder of journalist Jamal Khashoggi in the Saudi Arabian consulate in Istanbul and the US “trade war” with China and EU countries.

In addition, a meeting between the presidents of the Russian Federation and the United States was to take place on the sidelines of the summit. Until recently, Russia expressed hope that Donald Trump and Vladimir Putin would meet and discuss the situation around the Intermediate-Range Nuclear Forces Treaty (INF), from which the United States wants to withdraw, accusing Russia of violating it. However, President Trump, after the incident in the Kerch Strait, initially questioned the possibility of this meeting, and on the eve of the summit he finally abandoned it.

What does Argentina expect from the summit?

The current G20 summit is the tenth in a row. But for the first time, the leaders of the world's 20 largest industrial countries are meeting in Latin America. Argentine President Mauricio Macri, who is struggling with a financial crisis in his country, pins his hope on the G20 summit that the world's leading economic powers will pay attention to the continent's problems. “We must be clear that everywhere in the world there is not less, but more and more injustice. And as Macri said, we are organizing the G20 summit, which must do something for every person,” says Pedro Delgado, one of the Argentine Foreign Ministry officials. involved in the preparation and organization of the summit.

We are talking about protectionism and Trump's position

German Chancellor Angela Merkel and other participants at the G20 summit intend to defend the rules of free and fair global trade in Buenos Aires. But the situation at the moment is such that the summit could well be held under the slogan: “All against one. All against Trump.” For the American president, who will participate only in the first day of the G20 summit, all that matters is his own position, according to which America’s national interests come first. The demands of international institutions such as the World Trade Organization (WTO), as well as the participants of the G20 summit, are not so significant and even burdensome for him.

Trump intends to use the summit in Buenos Aires to meet with Chinese leader Xi Jinping. At the same time, on the one hand, he wants to make a deal with China, on the other hand, he threatens it. “We are doing everything very well with China. The PRC definitely wants to make a deal. The Chinese may not be talking about it, but they definitely want it. If we don’t make a deal, we will introduce additional penalties, and this will cost the Chinese another $250 billion. Because China has been ripping us off for many, many years. But under my watch, that will no longer happen," Trump said in Washington on the eve of the summit.

But whether the head of the European Commission, Jean-Claude Juncker, will have a chance to negotiate with Trump on duties on aluminum, steel and cars is still unclear. Negotiations on this issue between the US and the EU, which began this summer, have so far led nowhere. Juncker, like many European politicians, blames American protectionism for this. “I don’t like unilateralism, because in it one person does not take into account the needs of everyone else. I remain a convinced multilateralist,” Juncker said in his September speech on the situation in the EU.

What else can you expect from the summit?G20

In addition to the “Trump show,” as European diplomats call the upcoming performance, the summit in Argentina will talk about vocational training and youth education. Last year, when the G20 summit was held in Germany - the country at the time leading the G20 - the main topic was assistance to African countries. The document signed then in Hamburg can be called a success, says South African President Cyril Ramaphosa. On the eve of the summit in Argentina, he visited Germany and took part in a conference dedicated to the preparation of the G20 in Buenos Aires. Ramaphosa, addressing the German delegation, noted: “The way your system functions, in which employers, entrepreneurs and the state cooperate with each other, has been an example for us. We can say that we will learn from this. But the big problem for us is the huge There is a shortage of specialists in our country. And Germany could help us with this."

Context

“Training specialists can become an example not only for Africa, but also for the whole world,” believes Pedro Delgado. “We will bring to the summit the perspective of the South, the world from the perspective of a developing country. Because we are still a developing country, and that shapes our priorities.” However, these priorities are different from those of US President Donald Trump, the diplomat adds.

The Argentine side hopes that at the end of the summit, the leaders of the G20 countries, despite Trump’s position, will begin to cooperate more closely with each other. “I would like to see the G20 outcome document reflect a commitment to reengagement for our common good,” Delgado says.

By the way, the final communique will be signed on the second day of the summit, when Donald Trump will already be on his way home. European diplomats say that even before the start of the summit, an agreement was reached on a number of issues with representatives of the American delegation. For example, we are talking about readiness to reform the WTO. What Trump and his team should be given credit for is that they managed to recall old conflicts, in which the positions of the participants had not changed for many years, and to introduce dynamics into the processes. Argentine diplomat Pedro Delgardo emphasizes that the current summit for him personally shows that everything in the world is changing - and the international community is not standing still either.

On December 2, the two-day G20 summit ended late at night in the Argentine capital Buenos Aires. The final declaration is general in nature, highlighting a wide range of issues: from climate change to the digital economy.

The document consists of 31 points and an appendix with a list of documents adopted at the level of ministers and the working group. In particular, the declaration states that the G20 leaders agreed on the need to reform the World Trade Organization (WTO) and agreed on the fight against terrorism on the Internet, including strengthening the fight against the financing of extremists. Also, the G20 leaders declared their commitment to the Paris climate agreement, while the United States, in turn, confirmed its decision to withdraw from it. In addition, the parties agreed to work together to eliminate the causes of refugees and provide humanitarian assistance to displaced people. In addition, the commitment to use all political means to achieve economic growth was confirmed.

As Russian President Vladimir Putin noted, the document reflects the priorities around which the work of the Argentine presidency of the G20 was built throughout the year.

The President urged not to wait for economic breakthroughs as a result of the summit, since “as a rule, [there are] a lot of questions and contradictions,” especially today. “But such meetings are useful, because for those countries that argue among themselves, it becomes clear what the global trend is, what the opinion of their colleagues from other countries is,” the Russian leader added. It is not often that countries are united by a common impulse to take joint steps towards the growth rate of the global economy, he noted.

“It is important that the G20 states expressed a common commitment to further coordinated work to ensure sustainable global economic growth, increase the stability of international finance, and develop the multilateral trading system,” the president concluded.

As part of the summit, on the initiative of the American side, a meeting between Putin and US President Donald Trump was planned, but after the Kyiv provocation in the Kerch Strait, the head of the White House noted the negotiations. During a press conference after the G20, Putin said: “We are, as they say, on our feet - everyone communicates with each other there - we also talked with President Trump. In a nutshell, I answered his questions related to this incident in the Black Sea. He has his own position on these issues and problems, I have mine. We remained unconvinced, but, in any case, I informed him about our vision of this incident.”

The Russian leader noted with regret that it has not yet been possible to hold a full-format meeting, although “it is long overdue.” “This is related to issues of strategic stability, especially after the President announced the United States’ intention to withdraw from the Intermediate-Range Nuclear Forces Treaty. And then in 2021, the START-3 treaty on strategic stability, on the most serious weapons of a strategic nature, ends,” Putin said. – Among other things, even earlier we talked about the need to restore trade and economic ties, cooperation in other areas, including hot spots such as Syria, Afghanistan, North Korea, which is also a big problem for everyone. Dialogue needs to be held in all these areas. We are also interested in this, and not only us, but also other countries, including the United States. I hope that this meeting will still take place when the American side is ready for it.”

The time allotted for negotiations with Trump ended up going to Turkey: Putin and Recep Tayyip Erdogan discussed the situation in Syria. The Russian head of state also spoke with French President Emmanuel Macron, then with German Chancellor Angela Merkel. He explained to his partners that the incident in the Kerch Strait was a pure provocation of the Ukrainian authorities. “What objections can there be if the ship’s log directly states that these ships are tasked with secretly penetrating our territorial waters and secretly passing through the Kerch Strait? What it is? This is a planned provocation, that's what it is. It can be seen from the documents and from the testimony of the sailors themselves. That's all. Well what can I say here? There is nothing to object to here,” the president noted, adding that he was worried about something else: “During the larger events related to Ukraine, no one introduced martial law, but now, on the eve of the elections, it is imperative to do this. For what? Naturally, in order to limit civil rights and freedoms, to limit political activity in the country. But what’s even worse is that martial law was introduced in ten regions, precisely in those in which the current president does not enjoy much support and his policies do not find unanimous approval there. But what does it mean? Just think about it: this means that the current leadership of Ukraine with their own hands has divided the country into trustworthy and not so trustworthy. I can’t even imagine a more serious mistake.”

Putin pointed out that everything that is happening in Ukraine, including the events in the House of Trade Unions in Odessa, the situation in Donbass, “suggests that the current leadership of Ukraine is not interested in resolving this situation at all, much less through peaceful means.” “This is the party of war, and as long as they are in power, all tragedies of this kind, the war will continue. Why? Because in conditions of some kind of hostilities, in conditions of provocations that we are dealing with now in the Black Sea, it is always easier for the oligarchic authorities to continue a policy aimed at robbing their own people and their state. This is the case when both here and in Ukraine it is described in a few words: “To whom there is war, and to whom the mother is dear.” This is the first reason why the current government is not interested in a peaceful settlement,” he stated. – And second: it is always easier to cover up your failures in economic and social policy with war. They are not to blame, the external aggressor is to blame. And the external aggressor is to blame for the impoverishment of the people, and for the fact that ends meet in the state budget, one must always stand with an outstretched hand and ask for money from the IMF and other sponsors, shifting the responsibility and burden to future generations. It’s easier to blame everything on external aggression. It is this analysis that is of particular concern. Let's see how events in Ukraine will develop further. We care about this because this is a country close to us.”

The head of state also emphasized: there will be no mirror response to Ukraine’s decision to restrict the entry of Russians into the country. “We, on the contrary, will follow the path of liberalizing the stay of Ukrainian citizens on our territory and liberalizing their assignment of Russian citizenship, if any of them wants it.”

On the second day of the summit, Vladimir Putin held talks with Japanese Prime Minister Shinzo Abe - they agreed to create additional mechanisms to bring a peace treaty closer, and with the Crown Prince and Minister of Defense of Saudi Arabia, Mohammed bin Salman al Saud, they agreed to extend the agreement to reduce oil production.

Later, at the final negotiations with the head of Argentina, Mauricio Macri, after the summit closed, Vladimir Putin thanked the host of the last G20. The presidents also discussed current international topics and issues of bilateral cooperation. As the head of state emphasized, the conversation was very meaningful.