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G20 talks overshadowed by Ukraine war as host Indonesia seeks consensus
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NUSA DUA, 16 July 2022, (TON): Host Indonesia said “G20 finance leaders meeting in Bali must make progress tackling the global economic threats sparked by Russia’s war in Ukraine or the humanitarian consequences would be catastrophic.”
Some Western ministers blasted Russian officials attending the talks, with US Treasury Secretary Janet Yellen saying Russia’s brutal and unjust war was solely responsible for the economic crisis the world now faced.
Finance leaders from the Group of 20 major economies are meeting on the resort island, as host Indonesia tries to find common ground in a group frayed by the Ukraine war and rising economic pressures from soaring inflation.
Russia’s invasion of Ukraine, which the Kremlin calls a “special military operation has overshadowed recent G20 meetings, including last week’s gathering of foreign ministers.
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