The G20 financial leaders fail to reach an agreement on Ukraine

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Most countries, except China and Russia, have collectively condemned the invasion of Ukraine, blaming the conflict for rising inflation, the disruption of supply chains, and growing food and energy insecurity.

Euskaraz irakurri: G20ko Finantza ministruk ez dute Ukrainaren inguruko akordiorik erdietsi

G20 finance ministers failed to reach on Saturday an agreement on the war in Ukraine and its destabilizing impact on the world economy, though most have condemned the Russian invasion at the end of a session of the group in India, which coincides with the first anniversary of the conflict.

In similar terms as last year in Bali (Indonesia) agreed, the majority of members have “strongly condemned the war in Ukraine” and have criticized its impact on the global economy, according to a summary of the meetings of G20 finance chiefs and central bank governors in South India’s Bangalore.

Since last Friday, at the first high-level meeting organized by the India since the Presidency of the G20the group’s finance leaders have met in Bangalore to try to find a common position on the invasion of Ukraine and debt containment.

Fewer Beijing and Moscowtwo of only four countries whose finance ministers or central bank governors did not attend the session in person, the rest of the group has blamed the conflict on rising inflation, disruption of supply chains and growing food and energy insecurity.

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Source: EITB

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