On November 25, the Valdai Club hosted an expert discussion dedicated to the results of the G20 summit in Johannesburg, South Africa. The first African G20 summit took place in a controversial international environment. On the one hand, the global economy remains imbalanced and the threat of new crises remains. It was the global financial crisis that led to the creation of the G20, which remained relevant for over a decade and a half. On the other hand, there is a sharp decline in major powers’ interest in multilateral formats. Even during his first term, the Donald Trump administration emphasized US national interests over “global benefits.” The crisis in relations between Russia and the West has not strengthened the alliance either. China, a longtime advocate of multilateral diplomacy, is cautiously watching the fluctuations in the international situation and is creating its own financial and industrial mechanisms.