G20 backs final statement despite Russia tensions, China dissent
Summary
G20 finance leaders met in Asheville, North Carolina, and agreed on a final statement despite tensions over Russia's participation and China’s disagreements. The group discussed issues like the war in the Middle East, trade tariffs, and economic imbalances, while mostly supporting Ukraine and calling for safe navigation in the Strait of Hormuz.Key Facts
- The G20 finance ministers met for two days in Asheville, North Carolina.
- Russia’s finance minister attended, causing protests from some European countries.
- The final statement was approved by all countries except China.
- The statement called for safe and free passage through the Strait of Hormuz, which China opposed.
- The war in Ukraine and Middle East conflict were key topics of discussion.
- U.S. Treasury Secretary Scott Bessent said Russia’s attendance did not affect the talks.
- China disagreed with the statement’s point about global economic imbalances.
- The G20 aims to promote global economic stability and includes 19 countries plus the EU and African Union.
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