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G20 finance talks overshadowed by Ukraine end without joint communique
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Finance Minister Sri Mulyani Indrawati speaks during a press conference at the G20 Finance Ministers Meeting in Nusa Dua, Bali, on July 16, 2022. (AFP/Pool/Sonny Tumbelaka)
A two-day meeting of finance ministers from the Group of 20 major economies ended Saturday in Bali without a joint communique after Russia's war in Ukraine divided the global forum.
During talks on the resort island, the finance chiefs looked for solutions to food and energy crises, while accusing Russian technocrats of exacerbating the problems.
US Treasury Secretary Janet Yellen, Australian Treasurer Jim Chalmers and Canadian Finance Minister Chrystia Freeland on Friday blamed the invasion of Ukraine for sending a shockwave through the global economy.
In place of a formal communique would be a 14-paragraph statement issued by Indonesia, the G20 chair's Finance Minister Sri Mulyani Indrawati said in closing remarks.
She said there was consensus on most of the document but two paragraphs would focus on members' differences regarding the war's impacts and how to respond.
"I think this is the best result," she said.
No place at talks
