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Wipro 402.20↑0.50(0.12%)

G-20: India working on Russia consensus, keeping eye on other core issues

Communique is a consensus document and needs the consent of every member of G-20

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Russian Finance Minister Anton Siluanov and central bank governor Elvira Nabiullina are not attending the Bengaluru meeting, and are represented by their deputies instead

3 min read Last Updated : Feb 24 2023 | 11:52 PM IST

India, which currently holds the presidency of the G20, is trying to form a consensus among the member nations on the Russia-Ukraine war so as to not hinder the progress made on various other issues, such as debt restructuring, food security, multilateral reforms, digital economy, and financial inclusion, Business Standard has learnt.

Ahead of the indicative deadline of 5 pm, Saturday, for the official communiqué of the ongoing G20 meeting in Bengaluru, India’s efforts have been to find common ground between the Group of 7 (Canada, France, Germany, Italy, Japan, United States, and United Kingdom) and some other nations.

In July 2022, at a meeting of the G-20 finance ministers and central bank governors (FMCBG) in Bali, no communiqué was released as the nations could not reach a consensus on the issue of the war. In the end, Indonesia, the then host, had to resort to what is known as a ‘chair summary’ statement, in wh