US Treasury Secretary Janet Yellen looks on as she holds a roundtable with India and US technology leaders on the sidelines of G20 finance ministers' meeting on the outskirts of Bengaluru, India, on Feb 25, 2023.BENGALURU, India — Finance chiefs of the world's largest economies strongly condemned Moscow for its war on Ukraine on Saturday , with only China and Russia itself declining to sign a joint statement.
"Most members strongly condemned the war in Ukraine and stressed that it is causing immense human suffering and exacerbating existing fragilities in the global economy," it said, citing disruption of supply chains, risks to financial stability and continuing energy and food insecurity. The G20, formed over two decades to tackle economic crises, has increasingly struggled to reach the consensus needed to issue an official end-of-meeting communique.
US Treasury Secretary Janet Yellen earlier told Reuters that it was "absolutely necessary" for any statement to condemn Russia. Two delegates told Reuters that Russia and China did not want the G20 platform to be used to discuss political matters. China and India were among the nations that abstained on Thursday when UN voted overwhelmingly to demand Moscow withdraw its troops from Ukraine and stop fighting.
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