Russian FM calls for globalization to benefit all countries

(RIA Novosti) - Russia's foreign minister said Tuesday that all countries should gain from globalization rather than just the most industrialized.

Sergei Lavrov said that hundreds of millions of people gained nothing from globalization, which many people all over the world see as a process that only increases inequality between nations rather than one the narrows the gap between the industrialized and developing worlds, reports Trend.

But Lavrov told a discussion as part of an economic forum in St. Petersburg - Challenges of Globalization. Competitive Advantages of Developing Countries - that the process should do more to eliminate inequality, poverty and social vulnerability.

"It is important to give globalization a social dimension," he said, calling on the participants of the discussion to make it the issue of the agenda.

On June 6, Finance Minister Alexei Kudrin said Russia would write off $700 million worth of debt owed by Heavily Indebted Poor Countries. "This year, Russia will join the G8's HIPC initiative, writing off $700 mln debts," he said.

Subscribe to Trend in Google News! Subscribe
Georgia simplifies travel regulations for Azerbaijan
Georgia simplifies travel regulations for Azerbaijan
EAC states lose 92 pct tourism earnings due to COVID-19 pandemic
EAC states lose 92 pct tourism earnings due to COVID-19 pandemic
Minister makes forecast for recovery of Georgia's tourism sector
Minister makes forecast for recovery of Georgia's tourism sector
Loading Bars
Latest
British Queen cancels trip to spend night in hospital
World's biggest triceratops sells for $7.7 million in Paris
UK records more than 50,000 new coronavirus cases
Syria executes 24 people over deadly forest fires
Azerbaijan climbs to 26th place in UEFA coefficients table
Russia, China are friends in each other’s interests, not against others — Putin
Chronicles of Victory: First VP Mehriban Aliyeva interviewed by Trend News Agency on October 22, 2020
Chronicles of Victory: October 22, 2020
French PM pledges cash to help drivers cope with rising energy prices
Qarabag FC wins another victory within Conference League
Putin makes statement on Karabakh
Uzbek Central Bank: Food prices have risen by 14.4%
Georgian Parliament Speaker to meet Moldovan counterpart in Greece
Brussels' utopian green energy fantasies spark energy crisis in Europe — Hungarian PM
EU prioritizes digital sector development in Azerbaijan
Russia planning several new business visits to Azerbaijan by year-end - official
Russian company to implement micro-mobile transport project in Baku
First Vice-President Mehriban Aliyeva makes Instagram post on visit to Zangilan (VIDEO)
Azerbaijan Investment Holding, Kazakhstan National Welfare Fund sign memorandum of co-op
SOFAZ’s revenues from profitable oil and gas sale up
Executive Power of Azerbaijan’s Tovuz district opens tender for road repairs
Kazakhstan, Russia discuss gas supply issues
Russian company may set up 'smart' bus stops in Azerbaijan's liberated lands
Azerbaijan publishes updated list of servicemen martyred during second Karabakh war
IBF VP talks growing interest of investors in Azerbaijan's liberated lands (VIDEO)
SOFAZ sees increase in budget revenues
Uzbekistan's GDP growth in 9M2021 sparks promising forecast
Azerbaijan developing preliminary conceptual design of railway route to liberated Kalbajar (PHOTO)
Goldman Sachs, Freshfields working on possible Porsche IPO
Kazakhstan to liquidate emergency wells in several regions
Large-amount loans issued in Iran's services sector
Azerbaijan, Russia talk cooperation opportunities in insurance sector
Azerbaijan records surplus in state budget
Azerbaijan's Sumgayit Technologies Park, Alat FEZ sign MoU on strategic co-op
Azerbaijan shares data on number of vaccinated citizens
Head of EU delegation talks financial aid to Azerbaijan, following end of Karabakh war
U.S. weekly jobless claims drop to 19-month low
Uzbek Central Bank publishes data on country's gold, currency reserves
Trade turnover between Turkmenistan, Uzbekistan grows sharply
FIMI buys Ashot Ashkelon stake from Elbit Systems for $88m
Azerbaijan confirms 2,005 more COVID-19 cases, 1,011 recoveries
Uzbek Central Bank reveals data on total liabilities of banks
Iran sees decrease in load/unload operations in Astara port
Kremlin hopes for EU certification of Russia's vaccine
Bahar Azadi gold coin price begins to rise in Iran
India enters 100-crore vaccine club to fight Covid, PM Modi says nation scripts history
Hungarian University Forum and alumni meeting in Baku
Central Bank of Iran shares data on loans issued for trade sector
Turkmenistan doubles greenhouse tomato exports to Russia
Turkey's position on opening Zangezur corridor - unchanged – President Erdogan
Iran reveals COVID-19 data for October 21
Georgia shares data on its top goods exported to Russia
Iran sees increase of cargo loading/unloading at its Charak port
Turkish President to attend opening of Azerbaijan’s Fuzuli International Airport
India offered humanitarian assistance to Afghans, Taliban say after 2nd meeting
'Turkic World' project aims to meet information demand - Turkish official
South Pars field revenues account for over half of Iran's state budget
Turkmenistan looks to launch new project jointly with UNDP, WB
Central Bank of Iran announces amount of loans issued in housing, construction sector
Turkmenistan interested in political stability, security in Afghanistan – Deputy FM
Iran’s CBI reveals amount of loans issued for industrial and mining sectors
India achieves the major milestone of ‘one billion’ vaccinations
Volume of loaded/unloaded cargo in Iran’s Fereidoonkenar port down
Ruling parties of Azerbaijan, Turkey to hold meeting
Iran records increase in exports to Uzbekistan
Iranian president to visit Ardabil Province on border with Azerbaijan
Uzbekistan reveals total assets for banks with/without state share
Every martyr will live forever in hearts of Azerbaijani people - President Ilham Aliyev
SOCAR discloses oil transportation volume via Baku-Supsa
Our people did not bow down during occupation, did not forget about their native lands - Azerbaijani president
Georgia-Russia trade turnover increases in 9M2021
Azerbaijan's military units in Kalbajar, Lachin undergo inspection amid coming winter (PHOTO/VIDEO)
Georgia shares data on COVID-19 cases for October 21
SOCAR’s capital investment plan fulfilled by over 63%
SOCAR reveals volume of electricity production, consumption
Iranian currency rates for October 21
Tesla's German plant hits snag as public consultation repeated
Iranian startup companies receive more loans from local banks
Activities in Iran’s Genaveh port increase
Egypt economy forecast to grow 5.1% in year to June, 5.5% in 2022/23
Pfizer vaccine very effective against Delta variant in adolescents in Israel
Iranians detained in Azerbaijan due to falsified of customs documents sent back to Iran
Exports of Iran to Tajikistan soar
Iran begins new round of power plant overhaul operations
Zangilan will become transport and logistical center of our country - President Aliyev
SOCAR fulfills oil refining plan by over 103%
Gas could lose market share to coal this winter
Russia sees record high of 36,339 daily COVID-19 cases, crisis center says
Does Europe have enough gas stocks to get through winter?
Azerbaijan considering proposals for building new modern gas-turbine power plant
Azerbaijan announces time of commissioning floating solar power plant
Azerbaijan to develop atlas of renewable energy potential
Kazakhstan eyes attracting investments in processing industry
Turkey shares data on number of cars transshipped via local ports in 9M2021
Iran to use alternative fuel for power plants
Iran shares data on grain imports from Russia
Azerbaijan updates on renewable energy projects with ACWA Power, Masdar
Iran looking to expand export to neighboring countries - President Raisi
Amount of loans issued by Iranian banks continue to grow
Iran provides several loans in agricultural sector
All news