G20 finance meeting expected to conclude without formal communique, say sources

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NUSA DUA (Indonesia), July 16 — A two-day meeting of finance ministers and central bankers from the Group of 20 major economies is expected to conclude without a formal...

NUSA DUA , July 16 — A two-day meeting of finance ministers and central bankers from the Group of 20 major economies is expected to conclude without a formal communique, as Russia’s war in Ukraine continues to divide the group, two sources familiar with the matter said.

Senior Western officials, including US Treasury Secretary Janet Yellen and Canadian Finance Minister Chrystia Freeland, yesterday condemned the war and blasted Russian officialsfor the massive economic fallout caused by the war.Russia’s invasion of Ukraine on February 24, which the Kremlin calls a “special military operation”, has overshadowed recent G20 meetings, including last week’s gathering of foreign ministers.

But that proved too difficult in the current climate, with Western countries enforcing strict sanctions on Russia and accusing it of war crimes in Ukraine — which Moscow denies. Other G20 nations, including like China, India and South Africa, have been more muted in their response.

 

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