Finance Minister No Adopting G20Summit after China Objections on Ukraine War


BUSINESS:At benugaluru talks in India on Saturday, the G20Summit finance ministers were unsuccessful in adopting a joint statement on the global economy because China attempted to soften references to the war in Ukraine.

Russia, on the other hand, claimed  the G7 countries, the United States, and the European Union tries to force through a joint statement on Ukraine, which cause the ministers’ meeting to  disrupted.

Russia’s foreign ministry stated, “We regret that the Western collective continues to destabilize and use the activities of the G20 in an anti-Russian… way.”

The current G20 president in India issued a “chair’s summary” stating that “most members strongly condemned the war in Ukraine” and that the two-day meeting in Bengaluru resulted in “different assessments of the situation and sanctions.”Read More..

Two paragraphs in the summary about the war, according to a footnote, ” agreed to by all member countries except Russia and China,” and  adapted from the G20summit Bali Leaders’ Declaration in November.

Nadia Calvino, Spain’s representative, had previously stated that it was challenging to reach a consensus on a statement due to the “less constructive” approaches of unidentified nations at the talks between the world’s top 20 economies.

According to officials who spoke with AFP on condition of anonymity, Beijing wanted to eliminate the word “war” from the declaration in November.

Since Russia, a member of the group, invaded its neighbor in February, previous meetings of G20 finance ministers and central bank chiefs have also failed to produce a common statement.

Read More : FATF suspended Russia’s membership  over Ukraine war. 

According to senior Indian official Ajay Seth, the representatives of China and Russia did not want to agree to the terms of the agreement regarding Ukraine because “their mandate is to deal with economic and financial issues.”

Seth stated at the concluding news conference, “On the other hand, all the other 18 countries felt that the war has got implications for the global economy” and needed to be mentioned.

While maintaining close ties with Russia, China has sought to portray itself as neutral in the conflict.

After meeting with President Vladimir Putin in Moscow, top diplomat Wang Yi  quoted on Wednesday by the state news agency Xinhua as saying that China  willing to “strengthen strategic coordination” with Russia.

China published a 12-point paper on Friday, the first anniversary of the invasion, calling for a “political settlement” to the crisis, but Ukraine’s allies were skeptical.

India, which is hosting the G20summit, has also refused to condemn Russia, which is New Delhi’s largest arms supplier and a major oil supplier since the invasion.

The United States, Germany, and France, among other Western nations, had insisted that any joint statement must not be weaker than the communique that the G20 leaders issued in Indonesia in November.

“It’s a war here. Additionally, Russia and Vladimir Putin are the root of this conflict. That needs to be made abundantly clear at this G20 finance meeting,” German Finance Minister Christian Lindner stated at a press conference on Friday.

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