G20 finance ministers meeting postpones joint statement; conflict over Ukraine conflict, etc. | Reuters

2024-03-01 03:52:00

At the G20 Finance Ministers and Central Bank Governors Meeting, Russia and mainly Western countries are at loggerheads over the wording of the joint statement regarding how to describe the war in Ukraine and the Palestinian autonomous region of Gaza. Photographed in Sao Paulo on the 29th (2024 Reuters/Carla Carniel)

[サンパウロ ２９日 ロイター] – The G20 Finance Ministers and Central Bank Governors meeting concluded on the 29th in Sao Paulo, Brazil. The two leaders decided not to adopt a joint statement because they could not reach a consensus on the wording regarding conflicts in the Palestinian autonomous region of Gaza and Ukraine.

Finance Minister Adazi of Brazil, which is hosting the meeting, said that the failure to reach a consensus at last week’s G20 foreign ministers meeting had a negative impact on the finance ministers’ efforts to adopt a joint statement.

According to sources familiar with the matter, discussions continued until the closing moments over the wording regarding the conflict, with Russia and major Western powers at odds over the wording.

Mr. Adaj said that there were times when the differences narrowed down to a single word.

According to sources, the Group of Seven (G7) countries supported the description of Russia’s invasion of Ukraine as a war “on” Ukraine, while Russia called for the phrase “in” Ukraine. .

G7 countries also supported a plan that described the war in Gaza as a “humanitarian crisis” and did not mention Israel.

Brazil sought to focus talks on economic cooperation to tackle challenges such as climate change and poverty, while Germany and others continued to press for a joint statement mentioning the war in Ukraine and Gaza.

In a chairman’s summary issued in place of the joint statement, Brazil said the G20 finance ministers’ meeting was not the most appropriate forum to resolve differences over the wars in Ukraine and Gaza.

As part of its efforts to reduce inequality, Brazil, which is hosting the summit, has proposed discussing a global minimum tax rate that would increase taxes on the wealthy.

Finance Minister Adazi said on the 29th that he aims to compile a statement on the concept of an international minimum tax rate for the wealthy by the G20 summit in July. He said he expected a report from the European Tax Oversight Authority, which advocates the introduction of a global wealth tax.

French Economy and Finance Minister Le Maire expressed support for the idea on the 28th.

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