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G20 finance ministers meeting to end without consensus on war in Ukraine

G20 finance ministers meeting to end without consensus on war in Ukraine

The United States and its allies from the Group of Seven (G7) industrial powers were adamant in demanding that the statement directly condemn Russia for its invasion of its neighbor a year ago, but Russian and Chinese delegations have opposed that language.

Russia and China were upset by the use of the G20 platform to discuss political issues, two of the delegates said.

US Treasury Secretary Janet Yellen previously told Reuters that it was “absolutely necessary” for there to be a statement in the statement condemning Russia.

“And I think the G7 is certainly united on that, so it’s something that I would expect and think is necessary and appropriate.”said.

Russia, a member of the G20 but not the G7, refers to its actions in Ukraine as a “special military operation” and avoids calling it an invasion or war.

India is pressing the meeting to avoid the use of the word “war” in any statementG20 officials have previously told Reuters.

India, which is chairing this year’s G20, has maintained a largely neutral stance on the war, refusing to blame Russia for the invasion.seeking a diplomatic solution and greatly increasing its purchases of Russian oil.

India and China were among the nations that abstained on Thursday when the UN voted overwhelmingly to demand that Moscow withdraw its troops from Ukraine and stop fighting.

In parallel, the International Monetary Fund (IMF) held a meeting on Saturday with the World Bank, China, India, Saudi Arabia and the G7 on debt restructuring for struggling economies, but there were disagreements among members, the director said. IMF manager Kristalina Georgieva.

“We have just finished a session in which it has been made clear that there is a commitment to bridging differences for the benefit of countries,” Georgieva, who co-chaired the round table with Indian Finance Minister Nirmala Sitharaman, told reporters.

One delegate told Reuters that some initial progress had been made, particularly on the language around the issue, but that the restructuring had not been discussed in detail.

The expert group is scheduled to continue discussing the issue during the spring meetings of the IMF and the World Bank in April. (Reporting by Shivangi Acharya, Sarita Singh, Aftab Ahmed, Christian Kraemer and David Lawder; Writing by Raju Gopalakrishnan; Editing in Spanish by Manuel Farías)

Source: Ambito

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