MOSCOW, July 7 (Xinhua) -- Russia was going to facilitate calming the situation on the European currency market during the upcoming G20 summit, Russian Foreign Minister Sergei Lavrov said on Thursday.
Speaking to the national Russia-24 television channel, Lavrov pointed out that Moscow has been concerned with what was going on in the euro zone.
"We hear panic forecasts that Greece is doomed to default, that euro zone will be weakened dramatically; we hear the calls in some countries to leave the euro zone to return to the national currencies," Lavrov said, stressing that market players ought to refrain from making decisions under influence of the "artificial panic."
He said that Moscow would actively facilitate in calming down the situation by active participation in the G20 summit.
"We are certain that the European Union realizes the meaning of the situation not for EU countries only but for the global economy and global finances, judging the role euro occupies in the global payments. International Monetary Fund also understands the importance of well-calculated stabilizing actions without any emotions, screams and sobs," Lavrov was quoted as saying.
According to Lavrov, the situation in the euro zone showed that the reshaping of the global financial system pushed by the BRICS countries has been "as timely as never."
Editor: Mu Xuequan