VLADIVOSTOK, Russia - Leaders from 20 nations around the Pacific Basin are gathering for their annual meeting on economic cooperation, held this year in Russia, a nation not often seen as a Pacific power.

To prepare for meetings of the Asia-Pacific Economic Cooperation group, Russia says it spent $22 billion modernizing Vladivostok, its main Pacific port city. That is 50 percent more than Britain spent to prepare London for this summer’s Olympic Games.

Heads of government flying into … [Read More]

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Source: VOA News: Economy and Finance