Vadim Lukov, Ambassador-at-Large, Deputy Representative of the President of Russia in the G8, Foreign Affairs Ministry Coordinator for G20 and BRIC Affairs; E-mail: vblukov@mail.ru

The paper analyses results of the G8 and G20 summits held in Canada in June 2010 and their consequences for evolution of both forums and for their interaction. Among major achievements of the Toronto summit the author points out commitments on fiscal consolidation, IFI reform and on the start of country reviews of the implementation of the Framework Agreement on strong, sustainable and balanced growth. The G8 summit at Muskoka is viewed as a successful attempt to bring the G8 “back to basics” model – a leaders’ driven process at the center of which stands their informal direct dialogue. Key practical outcomes of the summit are the initiative on Maternal and Child Health Care, anti-terrorist action plan and decision to carry on the Global Partnership program in its present form. Russia’s position on main issues on G8 and G20 agenda is presented in the article.