After reaching a consensus statement, the G20 condemned the Russian invasion of Ukraine and rejected the use of nuclear weapons

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The leaders of the group and their central banks also committed to improve their coordination and communication to make adjustments in their monetary policies in order to “stabilize” runaway global inflation

After reaching a consensus statement, the G20 condemned the Russian invasion of Ukraine and rejected the use of nuclear weapons< /p>After reaching a consensus statement, the G20 condemned the Russian invasion of Ukraine and rejected the use of nuclear weapons. (REUTERS)

The member countries of the G20, including Russia, on Wednesday approved a final communiqué from the summit on the Indonesian island of Bali stipulating that “the majority of members strongly condemned the war in Ukraine”.

All the countries in this bloc of 20 major economies acknowledged that “the war in Ukraine further negatively affected the economy global” in this joint text, which required unanimity for adoption.

In the part dedicated to the conflict, the statement indicates that the different countries “reiterated their national positions” and that “there were other points of view and different opinions on the situation and the sanctions” imposed by Western countries to Russia.

But “the majority of members strongly condemned the war in Ukraine and stressed that it is causing immense human sufferingand exacerbating existing weaknesses in the global economy,” he says.

In the preparatory meetings for this summit, the different delegations were unable to agree on any joint document given geopolitical divisions within the bloc, normally focused on economic issues.

The final text acknowledges that “the G20 is not the forum to resolve issues of security”, but specifies that these issues “have significant consequences for the global economy”.

After reaching a consensus statement, the G20 condemned the Russian invasion of Ukraine and rejected the use of nuclear weapons< /p>The statement indicates that the different countries “reiterated their national positions” and that “there were other points of view and different opinions on the situation and the sanctions” imposed by Western countries on Russia. (REUTERS)

Russia's nearly nine-month invasion of Ukraine sent food prices and energy soaring, impoverishing millions of people and spreading the shadow of famine.

Ukraine is one of the main grain producers in the world, but had up to 20 million tons of grain blocked in its ports following the invasion of Russia.

The statement also calls for the extension of the agreement reached in July thanks to the UN and Turkey to allow the export of cereals, which expires on Saturday and whose extension is up in the air.

Furthermore, members deem the use of nuclear weapons or the threat to use them “inadmissible”, as Russian President Vladimir Putin has done.

During this two-day summit, calls to end the war in Ukraine multiplied, even from countries close to Russia such as China and India, which, however, avoided pointing directly at Moscow.

The G20 leaders and their central banks also pledged to improve their coordination and communication to make adjustments in their monetary policies in order to “stabilize” runaway global inflation.

After reaching a consensus statement, the G20 condemned the Russian invasion of Ukraine and rejected the use of nuclear weapons< /p> The statement also calls for the extension of the agreement obtained in July thanks to the UN and Turkey to allow the export of cereals, which expires on Saturday and whose extension is in the air. (REUTERS)

“The central banks of the The G20 are firmly committed to achieving price stability”, states the joint statement seconded this Wednesday by the participating powers at the close of the diplomatic meeting on the island of Bali (Indonesia).

The leaders of the twenty powers addressed in their meeting the pronounced rise in prices experienced this year, the impact of which “their central banks are closely monitoring”, with the intention of continuing “adequately calibrating the pace of monetary policy tightening” while they have taking into account “safeguarding the recovery and limiting contagion effects between countries”.

“We commit to mitigate the negative effects to support solid, sustainable, balanced and inclusive growth”, says the statement, which states that to achieve this, lenders seek to adopt “well-calibrated, well-planned, and well-communicated policies to support sustainable recovery, with due regard to country circumstances.”

Most of the central banks of the main powers this year undertook a withdrawal of the economic stimuli adopted due to the covid-19 pandemic , which has translated into a rise in inflation in conjunction with the impact of the war between Russia and Ukraine and other geopolitical tensions.

(With information from EFE and AFP )

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