Medvedev to visit Germany, discuss crisis ahead of G20 summit

Russian President Dmitry Medvedev will visit Germany on March 31 to discuss the current global economic crisis with Chancellor Angela Merkel ahead of a G20 summit, the Kremlin said on Wednesday.

"The talks in Berlin will focus on the global financial and economic crisis in the context of the upcoming Group of 20 summit in London," the Kremlin said, adding that the leaders would also discuss bilateral ties, RIA Novosti reported.

The G20 summit, involving developed and emerging economies and international financial institutions, will take place on April 2 to try to find ways to overcome the ongoing crisis.

Russia has submitted a proposal to the summit for the IMF to consider creating a supra-national reserve currency, a move that was supported by China, but dismissed by U.S. President Barack Obama as unnecessary.

Russia has also put forward suggestions on how international financial organizations should be reformed in the wake of the crisis, including steps to ensure the diversification of countries' foreign currency reserves to reduce the emphasis on the dollar.

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