- The leaders of the world’s largest economies have gathered in Indonesia this week.
- Tensions over Russia’s attack in Ukraine have raised questions about whether they will be able to unite on one of the most pressing issues globally, Russia is a member of the G-20 grouping.
- Russian Foreign Minister Sergei Lavrov is attending the summit.
The G-20 nations will issue a joint statement on Tuesday condemning Russia’s invasion of Ukraine, saying “today should not be an era of war.”
The leaders of the world’s largest economies have gathered in Indonesia this week. Tensions over Russia’s attack in Ukraine have raised questions about whether they will be able to unite on one of the most pressing issues globally, Russia is a member of the G-20 grouping. Russian Foreign Minister Sergei Lavrov is attending the summit.
“Most members strongly condemn the war in Ukraine and insist that it is causing enormous human suffering and exacerbating existing vulnerabilities in the global economy – hindering growth, increasing inflation, disrupting supply chains, energy and increasing food insecurity, and increasing financial stability risks.” According to a draft document seen by CNBC, the joint statement would say.
The joint statement also said that “peaceful resolution of conflicts, efforts to address crises, as well as diplomacy and dialogue are important. Today should not be an era of war.”
The communiqué has been agreed upon by the highest public servants of all G-20 countries and is expected to be approved by heads of state later on Tuesday. At the time of writing, it was unclear whether China was among the countries condemning Russia’s war in Ukraine.
An official, who has been following high-level discussions in Indonesia and prefers to remain anonymous due to the sensitive nature of the talks, told CNBC that “the ambiguity is there for a reason” – refraining from confirming that Was Beijing “the most”. Members” group condemns the Kremlin.
The same official said that the G20 “the narrative is moving forward as we see the outcome of the war.” “A few months ago, it would not have been possible to reach such an agreement,” the source said.
In recognition of the differences of opinion, the joint statement also said: “There were other views and differing assessments of the situation and sanctions.”
Russia has called its invasion of Ukraine a “special operation” aimed at “demilitarizing” its neighboring country. Russian Foreign Minister Lavrov said on Tuesday that Western countries were politicizing the G-20 announcement, according to Russian state media.
Credit: www.cnbc.com /