G20 finance chiefs end their meeting in India without consensus on the war in Ukraine

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A meeting of finance chiefs and central bank governors of the Group of 20 leading economies ended on Tuesday in India without a consensus because of differences between countries over the war in Ukraine.

Following two days of talks, there was no final communique. Instead, India, as the host nation, was forced to issue the G20 Chair’s summary and an outcome document.

According to the chair summary, China and Russia objected to paragraphs referring to the war which said it was causing “immense human suffering” and “exacerbating existing fragilities in the global economy”. The wording was taken from the previous declaration in Indonesia, where leaders had strongly condemned the war.

“It is in that context today that several members condemned it, saying it shouldn’t have happened. Food passing through the Black Sea shouldn’t have been stopped or suspended,” she told reporters. As host, India has used its presidency to promote itself as a rising superpower and as the voice of the Global South. Still, the divide over Russia’s war in Ukraine has cast a shadow over much of the proceedings, with India unable to produce a communique after any of the major meetings since it took over the G20 presidency.

 

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