G20 finance leaders meet in Bali under cloud of Ukraine war - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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G20 finance leaders meet on Friday on the resort island of Bali, as host Indonesia tries to find common ground in a group frayed by the Ukraine war amid rising economic pressures from soaring inflation.

Russia’s invasion of Ukraine, which the Kremlin calls a “special military operation”, has overshadowed previous meetings by the Group of 20 major economies, including last week’s gathering of foreign ministers.

G20 members include Western countries that have imposed sanctions on Russia and accuse it of war crimes in Ukraine -which it denies – as well as nations like China, India and South Africa, which have been more muted in their responses. US Treasury Secretary Janet Yellen on Thursday said the war was causing a negative spillover globally and Russian officials had no place at the G20 meeting.

Ukraine’s finance minister is expected to speak at one of the sessions virtually, Indonesia said. Russian Finance Minister Anton Siluanov will address the meeting virtually, with his deputy travelling to Bali.

 

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