A two-day meeting of finance ministers and central bankers from the Group of 20 leading economies ended Tuesday without a final communique due to differences over the war in Ukraine.
Indian Finance Minister Nirmala Sitharaman told reporters that the host country, India, instead issued a chair statement “because we still don’t have a common language on the Russia Ukraine war.”
According to the chair summary, China and Russia objected to language left over from the previous G20 declaration in Indonesia, saying the war has caused “immense human suffering” while “exacerbating existing fragilities in the global economy.”
Nevertheless, Sitharaman said that “several” countries condemned Russia’s pullout from the Black Sea grain deal on Monday.
Russia’s decision sparked outrage from the United Nations, which has warned millions of the world’s poorest would “pay the price.”
“We are living in complicated times; I have to allude to the fact that Russia yesterday withdrew from the Black Sea-Ukraine initiative — and we are here discussing how to help the vulnerable countries,” German central bank chief Joachim Nagel said.
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