US, Canada condemn Russia’s war on Ukraine during G20 talks in Indonesia – Times of India

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BALI, INDONESI: Western Finance Ministers Convicted Moscow’s invasion of Ukraine Bee G20 talks in Indonesia On Friday, he accused Russian officials of complicity in atrocities committed during the war.
The two-day meeting on the island of Bali began in the shadow of a Russian military strike that rocked markets, soared food prices and soared inflation, a week after Moscow’s top diplomat ended talks with the forum’s foreign ministers. had discontinued.
“Russia is solely responsible for the negative spillover effects on the global economy,” US Treasury Secretary Janet Yellen told the Russian delegation during the opening session, according to a Treasury Department official.
“Russian officials should recognize that they are contributing to the horrific consequences of this war through their continued support for Putin’s regime. You share responsibility for the innocent lives that were lost.”
She was accompanied by Canadian Finance Minister Chrystia Freeland, who told the Russian delegation they were responsible for “war crimes” in Ukraine for their support of the invasion, a Canadian official said.
“It’s not just generals who commit war crimes, it’s the economic technocrats who make the war happen and continue,” Freeland said.
Both Russian Finance Minister Anton Siluanov and Ukrainian Finance Minister Serhiy Marchenko will participate virtually in the meeting.
Moscow instead sent Russian Deputy Finance Minister Timur Maksimov to attend the talks in person. He was present for both Yellen and Freeland’s sentencing, according to a source who was present at the talks.
Indonesia host and G20 chairman warned ministers that failing to address energy and food crises would be catastrophic.
In her opening address, Indonesian Finance Minister Sri Mulyani Indrawati called on ministers to work together in a spirit of “cooperation” because “the world is looking” for solutions.
“The cost of our failure is more than we can afford,” she told delegates. “The humanitarian consequences for the world and for many low-income countries would be catastrophic.”
The meeting focused largely on the food and energy crises that weigh on an already fragile global recovery of the Covid-19 pandemic.
“The actions of (Russian President Vladimir) Putin, including the destruction of agricultural facilities, theft of grain and agricultural machinery, and effective blockade of ports on the Black Sea, amount to using food as a weapon of war,” Yellen said at an afternoon seminar.
Indrawati said members “had an urgent need for the G20 to take concrete steps” to tackle food insecurity and help countries in need.
Yellen also urges G20 allies for a price ceiling on Russian oil to choke Putin’s war chest and pressure Moscow to end the invasion while cutting energy costs.
Yellen led a multinational strike by financial officials in April as Russian delegates spoke at a G20 meeting in Washington, but there was no such action Friday.
A final communiqué is unlikely to be issued when the talks end on Saturday over disagreements with Russia.
G20 chairman Indonesia – which has a neutral foreign policy – has refrained from inviting Russia despite Western pressure.
“We must act together to demonstrate why the G20 deserves its reputation as the premier forum for international cooperation,” Indrawati said.
In addition to the ministers of Moscow and Kiev, China’s finance minister Liu Kun and Britain’s new finance minister Nadhim Zahawi were only virtually present.
The head of the International Monetary Fund, Kristalina Georgieva, will appear in person after she said on Wednesday that the global economic outlook had been “significantly darkened” because of the invasion of Moscow.
European Central Bank President Christine Lagarde will attend virtually, but World Bank chief David Malpass will not be in attendance.
The meeting is a prelude to the leaders’ summit on the Indonesian island in November that was intended to focus on the global recovery from the Covid-19 pandemic.
Other issues addressed by ministers included digital financial inclusion – with more than a billion of the world’s population still without access to a bank account – and the deadline for a review of international tax rules.

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