Ukraine war to dominate G-20 meeting of finance chiefs in Indonesia

📆 7/14/2022 6:33 PM
📰 STForeignDesk

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BALI, INDONESIA - Group of 20 finance ministers and central bank chiefs from top economies will meet in Indonesia on Friday for talks on the fallout fromwhich has roiled markets, spiked food prices

and stoked breakneck inflation.the forum's foreign ministers rounded on Moscow's top diplomat, prompting him to walk out of the talks.

But the impact of the Ukraine war - weighing on an already brittle global recovery - will now top the agenda. "We are seeing negative spillover effects from that war in every corner of the world, particularly with respect to higher energy prices, and rising food insecurity," she said.and pressure Moscow to end its invasion while bringing down energy costs.

It is unclear if a similar walkout will take place at this meeting, after no foreign minister walked out last week, but Yellen would not be drawn on if they would repeat their joint action on Friday.

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