Japan Exempted from Russian Countermeasures: Russian-Japanese Partnership Reaffirmed

... Western powers have been reluctant to enlarge the international decision making circles, including the World Bank and the IMF. However, when the global financial meltdown prevailed in 2008, the West was quick to initiate a new G-20 forum. The naissance of G20 was driven by a political imperative: to maintain the competitiveness of Western firms, the West needed to make sure that all major economies would adopt the same global regulations.[5] In the same vein, recent American pressure on the EU to adopt ...