G20 tussles over Ukraine war as West steps up sanctions

  24 February 2023    Read: 1077
G20 tussles over Ukraine war as West steps up sanctions

Finance leaders of the world's top economies sought on Friday to bridge differences over how to deal with Russia following its year-old invasion of Ukraine as the West stepped up sanctions against Moscow.

U.S. Treasury Secretary Janet Yellen accused Russian officials at the two-day Group of Twenty (G20) meeting in the Indian city of Bengaluru of being "complicit" in war atrocities.

But, underlining the split with those nations which have not joined efforts to isolate the Russian economy, meeting host India avoided mention of the year-long war in inaugural remarks and said the global economy faced a range of other challenges.

"I would urge that your discussions should focus on the most vulnerable citizens of the world," Prime Minister Narendra Modi said, adding that stability, confidence and growth had to be brought back to the world economy.

Modi cited the aftermath of the COVID pandemic, rising debt levels, disruptions to supply chains and threats to food and energy security as key concerns for the talks.

India does not want the bloc to discuss sanctions on Russia and is also pressing to avoid using the word "war" in any G20 communique to describe the conflict, G20 officials told Reuters.

 


More about:


News Line