A meeting of finance chiefs of the Group of 20 leading economies has ended without a consensus, with Russia and China objecting to the description of the war in Ukraine in a final document.
Full ScreenIn this handout photo released by Indian Finance Ministry, Australia's Treasurer Jim Chalmers, left, meets with Indian Finance Minister Nirmala Sitharaman on the sidelines of G-20 financial conclave on the outskirts of Bengaluru, India, Saturday, Feb. 25, 2023. leading economies ended on Saturday without a consensus, with Russia and China objecting to the description of the war in Ukraine in a final document.
The Group of Seven major industrial nations announced new sanctions against Russia on Friday, just as the talks of the G-20 group wrapped up in confusion in the Indian technology hub of Bengaluru. India's Finance Minister Nirmala Sitharaman told reporters that the communique prepared for the Bengaluru meeting carried two paragraphs from the Bali declaration, but Russia and China demanded they be deleted and said they could not be part of the final document this time.
The declaration also said:"There were other views and different assessments of the situation and sanctions. G-20 is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy."
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