Finance chiefs at a Group of 20 conference in India this weekend issued a joint statement condemning Moscow for its war in Ukraine, with only China and Russia declining to sign.
Nearly all countries in attendance agreed to condemn Russia's full-scale invasion, according to the chair summary and outcome issued as the meeting concluded Saturday. The countries signing the document said the war was adversely affecting the global economy and demanded Russia completely withdraw from Ukraine.
"Most members strongly condemned the war in Ukraine and stressed that it is causing immense human suffering and exacerbating existing fragilities in the global economy – constraining growth, increasing inflation, disrupting supply chains, heightening energy and food insecurity, and elevating financial stability risks," it continued.
"There were other views and different assessments of the situation and sanctions. Recognising that the G20 is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy,” the document stated.
The statement said "today's era must not be of war," adding that the United Nations Charter and international humanitarian law should be upheld.
“The use or threat of use of nuclear weapons is inadmissible. The peaceful resolution of conflicts, efforts to address crises, as well as diplomacy and dialogue, are vital,” it added.
India, the current chair of the G20 economies, hosted the meeting in the city of Bengaluru.
As Reuters reports, Russia and China's holdout forced India to issue a summary document wrapping up the two days of talks, rather than reaching a consensus on an official end-of-meeting communique.
Key context on China: On Friday, China's foreign ministry issued a position paper calling for a resumption of peace talks and an end to unilateral sanctions, and stressing its opposition to the use of nuclear weapons.
But Beijing’s claim to neutrality has been severely undermined by its refusal to acknowledge the nature of the conflict – it has so far avoided calling it an “invasion” – and its diplomatic and economic support for Moscow.
Western officials have also raised concerns that China may be considering providing Russia with lethal military assistance, an accusation denied by Beijing.
China's top diplomat Wang Yi met with Russian President Vladimir Putin on Wednesday.