G20 finance ministers wrap up Bali meeting amid disagreements over Ukraine war

JAKARTA, July 16. (DPA/EP) –

The finance ministers of the G20 have ended a two-day meeting in Indonesia between discrepancies on the strategy to follow on the Russian invasion of Ukraine; a meeting that has ended for this reason without a joint statement.

The Indonesian Finance Minister, Sri Mulyani Indrawati, explained in his appearance before the media to summarize the conclusions of the summit that there has indeed been a consensus that “food insecurity needs attention”, which is why in the coming weeks the member countries of the group will try to find a solution to supply chain interruptions,

“First, protectionism must be eliminated so that we can create or facilitate the flow of food from the production side or the countries to other countries that need it,” he explained.

On Ukraine, however, the minister has conceded that “The countries have positions that cannot be reconciled” and “they wanted to express their points of view on certain issues, in particular related to the war, reflecting that there are still different points of view within of the G20”.

Sri Mulyani warned on Friday that rising prices, partly as a result of Russia’s war in Ukraine, could trigger social instability and unrest.

At that time, he warned that the triple threat of war, the increase in the prices of raw materials and the increase in world inflation could generate an indirect effect on the debts not only of poor countries, but also of the economies of middle income and even advanced.