This week’s meetings will be closely watched for signs of how the world’s leading international bodies are responding to Russia’s aggression. Many G-20 countries including Canada have condemned Russia but some of its most influential members, such as China and India, have not. The meeting could very well end without a formal communique for the first time.
At the meetings she is attending, Yellen will condemn Russia’s invasion and press to shut Russia out of global financial institutions, the Treasury Department official said. No countries from the Group of Seven industrialized nations are participating in a full boycott of the meetings, according to one person familiar with Yellen’s agenda who spoke on the condition of anonymity to share planning details.
However, during a contentious G20 meeting in February, Freeland directly addressed Siluanov and central bank governor Nabiullina and warned them that Russia would face “crushing” sanctions in the event of an invasion. The Russian president did attend the G-20 summit in Australia in late 2014, but was largely shunned by other leaders and left early after a barrage of criticism over Crimea.
Officials from Indonesia, Southeast Asia’s largest economy, have repeatedly said all delegates from the world’s 20 biggest economies will be invited despite protests from countries such as the U.S. and Australia over Russia’s potential attendance, particularly at the November summit in Bali.