G20 leaders close talks marked by US welcoming Russia
G20 finance leaders closed their two-day gathering with a statement that all but China backed in full, as the United States insisted that the presence of a Russian minister had no effect on talks.
The G20 finance ministers concluded their two-day meeting with a statement that, excluding China, all other participants fully endorsed. US Treasury Secretary Scott Bessent asserted that the presence of a Russian minister did not influence the deliberations. Ukraine's European allies had expressed dissatisfaction after Russian Finance Minister Anton Siluanov was granted entry to the US-hosted gathering in Asheville, North Carolina.
The G20 discussions centered on issues like the Strait of Hormuz, the Middle East conflict, and US President Donald Trump's tariffs. The chair's statement advocated for free, safe, and predictable navigation through the Strait of Hormuz, although China disagreed with this provision. China also contested a declaration stressing that excessive and persistent imbalances pose risks and can generate economic distortions, which critics attribute to excess industrial capacity in China.
The G20 comprises 19 countries plus the EU and the African Union, and it was established following the 1997-1998 Asian financial crisis to enhance global economic and financial stability. The Asheville finance talks also laid the groundwork for a G20 leaders summit scheduled for December in Miami.
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