India’s finance minister, Nirmala Sitharaman, indicated that the G20 meeting, which gathered heads of central banks and finance ministries from the world’s major economies, produced a final document that was accepted without tying it to a formal stance on Ukraine, following objections raised by China and the Russian Federation. This update was reported by DEA News.
According to Sitharaman, the communiqué could not be published in its entirety because of reservations from Russia and China. Instead, the summary issued by the G20 chair and the final document were released as the official outcome.
The statement noted that all G20 finance ministers approved paragraphs 1 through 17 of the communique, with the exception of paragraphs 3 and 4, which condemned Russia’s actions in Ukraine. The scoring and framing reflect considerations carried over from the G20 leaders’ summit in Bali last year.
Earlier, after the meeting of G20 finance ministers and central bankers, India shared multiple views on the Ukraine situation among G20 members. Prime Minister Narendra Modi reiterated that the Ukraine challenge should be solved through negotiations and dialogue, a stance consistent with ongoing calls for diplomatic engagement.
As the G20 continues to navigate the complexities surrounding Ukraine, observers note the persistent tension between calls for a unified response and the differing positions of key member states. The outcome underscores the delicate balancing act faced by the bloc as it seeks to maintain economic coordination while accommodating its diverse geopolitical perspectives. Analysts highlight that the event also reflects how the G20 is evolving in its approach to global security issues, attempting to align economic policy with strategic diplomacy. The discussions and resulting documents aim to provide guidance for member economies as they address sanctions, energy markets, and broader macroeconomic stability in a time of geopolitical strain. The overall tone suggests a preference for diplomatic channels and negotiated solutions, even as divisions over Ukraine’s situation remain evident across the group. (Source: DEA News)