The Kremlin explained that, due to the fact the President has a very busy schedule; he had to "opt out" of the conference, though Kommersant informs according to the reliable diplomatic source that main theme of the forum will be the situation in the Caucasus, and President Mikheil Saakashvili, plans to speak.

So Medvedev delivered his foreign-policy speech with participants of Munich's conference on Wednesday.

‘There is a feeling in Russia that NATO is an aggressive constituent. It may be a delusion, but Russia is also perceived as a country where democracy is out of the question and the leadership is exposed to the authoritarian principles. It must be overcome,' Medvedev stated.

Medvedev said that Russia's position in Europe is changing and the European Atlantic direction is one of the most important vectors of Russia's foreign policy.

As Russia's permanent representative to NATO Dmitry Rogozin stated after the meeting, he was under the impression that creative discussion in search of a more well-grounded response to the initiative of European security is under way.

The Munich Security Conference was founded in 1962. Now it is an international forum where politicians, diplomats, businessmen, scientists and public figures from more than 40 countries take part.