G20 leaders strongly denounce Russian attack on Ukraine

The war in Ukraine was harshly denounced and noted to be escalating economic fragilities in a draught proclamation by the leaders of the Group of 20 (G20) major economies that were seen by Reuters on Tuesday.

There were other views and different assessments of the situation and sanctions,” said the draft declaration, which was confirmed by a European diplomat.

The G20 nations have not yet ratified the 16-page text.

The Russian invasion of Ukraine has cast a shadow over the meeting, which the host nation Indonesia and other nations have urged should be centred on the world economy.

The proposed declaration stated, “We realise that security challenges can have substantial ramifications for the global economy, but that the G20 is not the platform to tackle security matters.”

Russia’s foreign ministry on Sunday said the G20 was not the place where security issues and should instead prioritise the world’s economic challenges, ahead of a meeting expected to be dominated by the war.

The G20 central banks were reportedly keeping an eye on inflationary pressures and adjusting monetary policy as necessary, according to the draught agreement.

Volodymyr Zelenskiy, the president of Ukraine, encouraged peers at the summit earlier on Tuesday to take more initiative and implement a peace plan he has presented to end Russia’s conflict in his nation.

President Vladimir Putin was not present at the meeting on behalf of Russia, which is said to be engaged in a special military operation in Ukraine by Foreign Minister Sergei Lavrov.