G20 finance meeting to end without consensus on war in Ukraine, say delegates

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Hosted in India, meeting was likely to end later in the day without a joint communique because there was no consensus on how to describe the conflict in Ukraine

Finance leaders from the world’s biggest economies were unable to resolve differences on Saturday over the war in Ukraine and inched forward on moves to restructure distressed nations’ debt, people familiar with the discussions said.

U.S. Treasury Secretary Janet Yellen earlier told Reuters that it was “absolutely necessary” for there to be a statement in the communiqué condemning Russia. India, which holds this year’s G20 presidency, has kept a largely neutral stance on the war, declining to blame Russia for the invasion, seeking a diplomatic solution and sharply boosting its purchases of Russian oil.

“In the absence of a consensus, the option for India would be to issue a chair statement,” one official said.

 

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