Index Investing News
Thursday, April 23, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

G20 statement drops reference to Russia aggression ‘against’ Ukraine

by Index Investing News
September 9, 2023
in Economy
Reading Time: 4 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Receive free G20 updates

We’ll send you a myFT Daily Digest email rounding up the latest G20 news every morning.

G20 leaders have failed to condemn Russia’s invasion of Ukraine in a joint statement after China and Russia rejected language that blamed Moscow for the conflict, highlighting the lack of global consensus in support of Kyiv.

The New Delhi summit declaration refers only to the “war in Ukraine”, a formulation that supporters of Kyiv such as the US and Nato allies have previously rejected as it implies both sides are equally complicit.

That statement, hammered out over weeks of negotiations between diplomats, is a blow to western countries that have spent the past year attempting to convince developing countries to condemn Moscow and support Ukraine.

The previous G20 declaration, made in Indonesia last November, referred to “aggression by the Russian Federation against Ukraine”. Western diplomats said China’s refusal to repeat that formulation was critical in pushing host India to propose compromise language.

Referring to the war, India’s external affairs minister S Jaishankar said: “It is a fact that this is today a very polarising issue and there are multiple views on this. There are a spectrum of views on this, so I think in all fairness it was only right to record what was the reality in the meeting rooms.”

The declaration also contains a pledge by the leaders of the world’s biggest economies to “pursue and encourage efforts to triple renewable energy capacity globally”, but does not include any deadline for phasing out fossil fuels. China and Saudi Arabia led efforts to block such language in G20 meetings in July.

Adopting the declaration will be a foreign policy coup for India and its prime minister Narendra Modi, after speculation that divisions over Ukraine were too large to be bridged. Modi will face voters in a poll in which he will be seeking re-election to a third term in early 2024.

“We highlighted the human suffering and negative added impacts of the war in Ukraine with regard to global food and energy security, supply chains, macro-financial stability, inflation and growth,” the joint statement said. “There were different views and assessments of the situation.”

The declaration called for a “just and durable peace in Ukraine” but did not explicitly link that demand to the importance of Ukraine’s territorial integrity, as western countries had pushed for. It also did not include the statement from the 2022 version that noted “most members strongly condemned the war”.

Jake Sullivan, the US national security adviser, nonetheless said the declaration had a “set of consequential paragraphs” on the war in Ukraine.

“From our perspective, it does a very good job of standing up for the principle that states cannot use force to seek territorial acquisition . . . that the use of nuclear weapons is inadmissible, that a just peace must be based on the principles of the UN Charter,” he added.

Overall, the statement was a “vote of confidence that the G20 can come together to address a pressing range of issues, and also to deal with hard issues that actually very much divide some members from others”, Sullivan said.

Recommended

India, which styles itself as a leader of the so-called Global South group of developing countries, also succeeded in its campaign to have the G20 induct the African Union as a full member.

“It is a matter of particular satisfaction to us that the African Union has become a member of the G20 during the Indian presidency,” Jaishankar told reporters.

The joint statement also makes reference to digital public infrastructure, that India has been promoting as a template for financial inclusion and economic productivity gains during its presidency after its own successful push to bring more than 1bn people online.

Hanging over the summit was the still unexplained absence of China’s president Xi Jinping. He skipped the meeting for the first time and instead sent the country’s second-ranked cadre, Premier Li Qiang in what some analysts have described as a “snub”.

But the wording of the communique still reflected many Chinese talking points, such as that the G20 should limit itself to international economic issues and the language on Ukraine and nuclear weapons. China has also heavily touted its role in supporting African Union membership.

In his address to the Summit, Li said the G20 needed “unity instead of division, co-operation instead of confrontation, and inclusion instead of exclusion”, according to state-run news agency Xinhua. 

The remarks are in line with China’s portrayal of the US and its allies as pushing “bloc confrontation” and engaging in a “Cold War mentality”.

Li also told the audience that China would inject momentum into the global economy despite its stumbling recovery from Covid, with signs that its traditional growth engines of property and debt-fuelled infrastructure spending were running out of steam.



Source link

Tags: aggressionDropsG20referenceRussiaStatementUkraine
ShareTweetShareShare
Previous Post

City needs to end rampant school absenteeism

Next Post

Fortinet: A Top Growth Stock That’s No Longer Overvalued (NASDAQ:FTNT)

Related Posts

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

by Index Investing News
April 21, 2026
0

    The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream...

Tech Troubleshooting in Space – Econlib

Tech Troubleshooting in Space – Econlib

by Index Investing News
April 17, 2026
0

When astronaut Christina Koch, the first woman to fly around the moon, reported an issue from space that could have...

Oil price surges ahead of Strait of Hormuz blockade

Oil price surges ahead of Strait of Hormuz blockade

by Index Investing News
April 13, 2026
0

Good morning and welcome to FirstFT. In today’s newsletter:Trump announces naval blockade of Strait of Hormuz Orbán’s crushing Hungarian election...

At The Money: Seeking Uncorrelated Returns

At The Money: Seeking Uncorrelated Returns

by Index Investing News
April 9, 2026
0

     At The Money: Seeking Uncorrelated Returns (April 8, 2026) Managed Futures generate returns that are not correlated...

Adam Smith and Reciprocal Tariffs

Adam Smith and Reciprocal Tariffs

by Index Investing News
April 5, 2026
0

This month marks the 250th anniversary of Adam Smith’s magnum opus, The Wealth of Nations. The Liberty Fund print edition...

Next Post
Fortinet: A Top Growth Stock That’s No Longer Overvalued (NASDAQ:FTNT)

Fortinet: A Top Growth Stock That's No Longer Overvalued (NASDAQ:FTNT)

UK police arrest escaped terrorism suspect

UK police arrest escaped terrorism suspect

RECOMMENDED

Bradley Cooper Conducts a Mid Second Feature

Bradley Cooper Conducts a Mid Second Feature

September 4, 2023
A year later, the Fed still has a long way to go in inflation fight

A year later, the Fed still has a long way to go in inflation fight

March 2, 2023
Israel deports Palestinian lawyer Salah Hamouri to France over security, interior ministry says By Reuters

Israel deports Palestinian lawyer Salah Hamouri to France over security, interior ministry says By Reuters

December 18, 2022
Original Rocky VHS tapes sell for more than k

Original Rocky VHS tapes sell for more than $50k

April 16, 2023
World Coal Demand And Exports Set For New Report Excessive In 2024 – FREEDOMBUNKER

World Coal Demand And Exports Set For New Report Excessive In 2024 – FREEDOMBUNKER

December 11, 2024
The Moment JoJo Siwa Made My Daughter’s Year! SO SPECIAL!!! Watch Here!

The Moment JoJo Siwa Made My Daughter’s Year! SO SPECIAL!!! Watch Here!

September 18, 2022
ABB vs FANUC vs Yaskawa – The Winner Is?

ABB vs FANUC vs Yaskawa – The Winner Is?

March 11, 2023
Jen Psaki Is Mentioned to Be in Talks to Be a part of MSNBC

Jen Psaki Is Mentioned to Be in Talks to Be a part of MSNBC

April 1, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In