ABSTRACT

The Group of Eights (G8) 31st annual summit took place in St. Petersburg, on July 1517, 2006. As its priority themes for the summit, Russia chose energy security, infectious disease and education the first time these subjects had been selected in advance as the substantive core of a summits overall design. The first school of major critics preferred global economic governance by the established multilateral organizations (MOs), rather than the informal, plurilateral G8. The established MOs play an important role in implementing and otherwise contributing to G8 governance. In 2006, Russia made important advances in involving those organizations in the summits preparations and production from the start. Based on this initiative and its solid results, it would be wise for the World Trade Organization (WTO), the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) to admit Russia as a full member, as a reciprocal step.