G20 finance ministers and central bankers ended their last day of meetings in Bali, Indonesia this Saturday without reaching a final agreed statement due to disagreements over the Russian invasion of Ukraine.
“Some countries have their own opinions about this war, others have different opinions, but on most issues we all agree,” Indonesian Finance Minister Sri Mulyani Indrawati said at a final press conference in Bali after two days of meetings.
The Indonesian minister, who this year chairs the group of 20 largest industrialized and developing countries, stressed that out of the fourteen points of the final text summing up the meetings, which were also attended by Russian representatives, only two did not reach the agreement.
The European Union (EU) in June adopted a sixth round of sanctions against Russia in response to its invasion of Ukraine, which includes an embargo on Russian oil shipped by sea and exemptions for oil flowing via pipeline to landlocked countries. such as Hungary, Czech Republic or Slovakia.
Russia has diverted most of its exports of crude oil and petroleum products to the Asia-Pacific region following the invasion of Ukraine and Western sanctions and, according to Moscow, is able to meet the growing demand.
Author: Lusa
Source: CM Jornal
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
