RUSSIA ENTITLED TO REPRESENT INTERESTS OF DEVELOPING NATIONS IN G-8 MOSCOW, MARCH 13, 2001. /RIA NOVOSTI CORRESPONDENT/ --








Russia has every ground to represent the interests of developing nations at G-8 meetings. This opinion was voiced by Aleksander Shokhin, Chairman of the Duma Committee on credit organisations and financial markets, at a conference called Present State and Prospects for Russia's Stock Market; Macroeconomic Environment and Globalisation Problems. 


	


	In his opinion, regardless of the competition for financial sources between developing markets, Russia is interested in stability and can easily represent the interests of developing states at G-8 meetings.


	


	At the same time, Shokhin deems it expedient to insist on Russia's full participation in G-8 sittings, the more so that the relations with the Paris Club have been smoothed out. In his words, Russia would better formulate its stance on a number of issues at stake in the world economy and offer its own solution to these problems.


	


	At the same time, Shokhin believes that Russia is not fully participating in the work of G-8 meetings. In his opinion, Russia is mostly invited there as a dignified guest. However, it is not engaged in the G-8 main debates, noted Shokhin.


	


	Here the deputy remarked that Russian economy is now tightly linked to the global economic processes. In particular, the demand for Russia's export goods depends on the economic situation in industrially developed countries.