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    Brexit to Overshadow G20 Finance Meeting in China – Russian Deputy Minister

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    Sergei Storchak, the deputy finance minister of Russia said that the effects of the British EU referendum on economic development could be on focus at the meeting of the G20 finance ministers and central bankers.

    SHANGHAI (Sputnik) — The G20 finance ministers and central bankers are likely to focus on the possible impact of Brexit on global economic growth when they meet in southwest China’s Chengdu on July 24-25, the deputy finance minister of Russia said Wednesday.

    "It's hard to say what will be at the top of the meeting's agenda. Probably, the effects of the British [EU] referendum on economic development. At least, there is a pronounced need to correctly assess the risks associated with this [Brexit]," Sergei Storchak told reporters at a press briefing in Shanghai.

    Storchak, who will go to Chengdu this week, predicted that the G20 negotiations will be held in an atmosphere of calm after the immediate post-Brexit turbulence largely subsided in the global markets.

    UK voters backed leaving the economic union in a June 23 referendum, sending shockwaves across financial markets.

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