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Without involving India and China and without consulting them in major decisions, development of the world economy is impossible, Putin told CNN.
"In the present form, G-8 already does not carry enough weight," he told CNN in response to a query regarding a US threat of seeking Russia's expulsion from the G8, following the rent stand-off between the two cold-was rivals over the Georgian crisis.
"We are not afraid, not at all. What's needed is a realistic analysis of the situation, looking to future so as to develop a normal relationship with due regard to each other's interests," Putin added. Currently G-8 members include the United States, Russia, Japan, France, Canada, Germany, Britain and Italy.
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