The G20 finance ministers’ meeting ended this Saturday in India with no consensus on the final document on the war in Ukraine, with Russia and China expressing their disagreement with the wording of the text.
The G20 president’s summary and outcome document confirm that this Indian-sponsored meeting, which began on Friday, the one-year anniversary of the Russian invasion, did not reach agreement on the language of the war in Ukraine.
Despite opposition from Moscow and Beijing, most members “strongly condemned the war in Ukraine” in terms similar to those agreed in Bali, Indonesia last year, and criticized its impact on the global economy. G20 financial officials and central bankers.
A group of seven major industrialized countries announced new sanctions against Russia on Friday, but G20 talks ended in disagreement at India’s Bangalore tech hub in southern India.
US Treasury Secretary Janet Yellen condemned the “illegal and unjustified war against Ukraine” and reiterated calls for G20 countries to do more to support Ukraine and disrupt Moscow’s military actions.
The Russian and Chinese representatives did not attend the final meeting in person, but the rest of the group of the world’s largest economies blamed the conflict on rising inflation, disruption of supply chains, and increased food and energy insecurity.
Spanish government vice president Nadia Calvinho warned during the talks that talks between financial leaders were “less constructive.”
G20 host India’s stance on the conflict was also seen as one of the biggest obstacles to a unanimous declaration.
Avoiding the word “war” or mentioning Russia, Indian Prime Minister Narendra Modi said today that “from the very beginning of the events in Ukraine, India has insisted on resolving this dispute through dialogue and diplomacy.”
The G7, for their part, took advantage of the Bangalore meeting to reaffirm their support for Ukraine by providing US$39 billion in financial assistance through 2023 to increase pressure on the G20 to take a clearer stance on global situation.
The G20 is currently chaired by India, which has replaced Indonesia in the rotating leadership of the group and has long-standing ties to Russia and does not condemn Moscow’s military intervention.
In November, during the G20 summit on the Indonesian island of Bali, the final declaration stated that “the majority [países] the deputies strongly condemned the war” against Ukraine.
German Finance Minister Christian Lindner said on Friday that any more moderate wording in India would be “unacceptable to Germany.”
Lindner was supported in this post by his French colleague Bruno Le Maire.
“We will be against any departure from the joint statement compared to the statement made in Bali about the war in Ukraine,” Le Maire was quoted as saying by AFP.
China has never publicly supported or criticized the Russian offensive, but has repeatedly voiced its support for Moscow in the face of Western sanctions.
Regarding the meeting, Calvinho told Europa Press that there is a broad consensus that debt management and relief can be an important tool to provide financial support to the most vulnerable countries.
The Spanish minister expressed her hope that the war in Ukraine “ends as soon as possible so that the world economy can return to the path of strong recovery or strong growth” that it was on after the COVID-19 pandemic.
According to him, the war against Ukraine is “a major element of uncertainty and concern around the world, with a long duration and a wide impact around the world.”
The G20 also includes countries such as Russia, the US, Japan, South Africa, Brazil, Turkey, Italy, the UK or Australia.
Author: Portuguese
Source: CM Jornal
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