Indian Prime Minister Narendra Modi urged global financial leaders to focus on the world’s “most vulnerable citizens” as he inaugurated a G20 meeting, the first anniversary of Russia’s invasion of Ukraine. | Reuters
Participants at the meeting, however, are likely to focus on the war in Ukraine. The G20 bloc includes the wealthy G7 democracies, as well as Russia, China, India, Brazil and Saudi Arabia.
G7 chair Japan’s finance minister, Sunichi Suzuki, told reporters that the group would closely monitor the effectiveness of sanctions and “take further actions as needed”. New Delhi has maintained a neutral stance on the conflict, vastly increasing its purchases of cheaper Russian oil. Russia calls its actions in Ukraine a “special military operation”.Yellen said the communique was still under discussion and she hoped to see a strong condemnation of Russia’s invasion and the damage it has caused Ukraine and the global economy.
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