G20 explainer: everything you need to know about this week’s crucial summit


Source: theguardian.com theguardian.com

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What is happening? On Tuesday, leaders of the G20 nations – the world’s major economies – will gather in Bali, Indonesia, for an annual summit overshadowed by the presence of Russia during its war in Ukraine. Although President Vladimir Putin has pulled out, Russia will be represented by his veteran foreign minister, Sergei Lavrov. The Group of 20 – made up of 19 countries plus the European Union – accounts for nearly two-thirds of the global population, 85% of the world’s economic output and 75% of world trade. As of 2022, there are 20 members in the group: Argentina, Australia,...