In his remarks at the conference Mr Medvedev said that the global economic crisis has overturned ideas trendy at the end of the twentieth century on the declining role of states in the globalisation era.

During their one-on-one talks Dmitry Medvedev and Federal Chancellor of Germany Angela Merkel discussed the international political agenda in detail, talked about the results of the G8 summit [in L'Aquila], and exchanged views on the non-proliferation of weapons of mass destruction. In this context they also discussed the situation around Iran and North Korea.

The President said that the global financial crisis should not be cause for doubting the inherent value of freedom and democratic, cultural and economic values.

The Government, together with the Central Bank, has been instructed to submit proposals for improving Russia’s laws on supervision and regulation of financial markets, their instruments and participants, in order to fulfil the obligations made during the London summit.

The President of Russia described the outcome of the London summit as a step in the right direction.