HomeEconomyG20 strongly condemned the war in Ukraine and stressed that it was...

G20 strongly condemned the war in Ukraine and stressed that it was exacerbating the fragility of the global economy

A draft statement by leaders of the Group of 20 major economies (G20), strongly condemned the war in Ukraine and stressed that it was exacerbating the fragility of the global economy. “There were different views and different assessments of the situation and the sanctions,” said the draft statement, which was confirmed by a European diplomat. The 16-page document has yet to be adopted by G20 members.

The summit, which is hosting Indonesia and other countries and should focus on the global economy, was instead overshadowed by Russia’s invasion of Ukraine. “Recognizing that the G20 is not a forum for solving security issues, we recognize that security issues can have significant implications for the global economy,” the draft statement said.

Russia’s foreign ministry said on Sunday the G20 was not the place to address security issues and should instead prioritize world economic challenges ahead of a meeting likely to be dominated by war. The draft document also states that G20 central banks monitor inflationary pressures and calibrate monetary policy accordingly.

Earlier on Tuesday, Ukrainian President Volodymyr Zelensky urged his summit counterparts via video link to strengthen their leadership and stop Russia’s war in his country as part of a peace plan he proposed. Russia, which was represented at the summit by Foreign Minister Sergei Lavrov rather than President Vladimir Putin, says it is conducting a special military operation in Ukraine.

Read Now :<strong>Mangrove species in the Chilika and Sundarbans likely to decline and move inland by 2070</strong>

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

Global Warming Slowing Earth’s Rotation: Clocks May Need Adjustment

A recent study published in Nature suggests that global warming-induced polar ice melt is causing the Earth to spin...

US Military Downs Four Iranian-backed Houthi Drones Threatening Warship in Red Sea

In a recent development, the United States military announced on Wednesday that it successfully intercepted and destroyed four drones...

Danish Researchers Develop Artificial intelligence Algorithm to Predict Life Events, Including Death

Danish researchers, with the aid of artificial intelligence and data from millions of individuals, have crafted an algorithm capable...

Design Flaw in Francis Scott Key Bridge Led to Collapse, Highlighting Larger Safety Concerns for US Bridges

Engineers have identified a significant design flaw in the structure of Baltimore's Francis Scott Key Bridge, which led to...