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Putin to G20: ‘Green corridors’ of sanctions-free trade needed during Covid-19 crisis

Putin to G20: ‘Green corridors’ of sanctions-free trade needed during Covid-19 crisis
Russian President Vladimir Putin has urged the creation of ‘green corridors’ to transport essential goods and technologies without sanctions as the world continues to battle the Covid-19 pandemic.

Speaking to a video-summit of G20 leaders on Thursday, Putin said a common plan was needed to support the global economy. Right now, he pointed out, many countries are taking a major hit amid the coronavirus crisis.

The Russian leader said joint research between all G20 countries would quicken the process of finding a successful vaccine for the novel coronavirus.

He also said the main risk of the pandemic would be long-term unemployment and estimated that unemployment globally will exceed 2009 levels “under any scenario.”

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G20 leaders are meeting for the virtual crisis call eight months ahead of the summit scheduled to take place in Riyadh in November. It’s all in an effort to agree a “coordinated set of policies” to alleviate the impact of the Covid-19 crisis and “safeguard the global economy.”

The suggestion of a teleconference-style summit was first put forward by Indian Prime Minister Narendra Modi and other members were quick to support the idea.

In a joint statement on Thursday, the leaders said they were “gravely concerned” about the risks posed by the crisis — particularly to developing nations and the least-developed countries in Africa, as well as small island states. They also noted that refugees and other displaced persons faced “particular risk.”

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