News Snapshot:
That the first meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) in Bengaluru could only release a “Chair’s Summary and Outcome Document” instead of a communique owing to a lack of consensus in the wording of the text indicates that the Ukraine war is likely to shadow Delhi’s G20 presidency. Russia and China opposed the paragraphs in the communique that condemned Russia’s war on Ukraine that started a year ago. The summary and outcome document has instead kept the words of the G20 Bali Leader’s Declaration regarding the war. However, the meeting covered a lot of ground...