G20 Summit in Rio: Tense Compromises and Cautious Optimism
- Diverse global topics such as poverty alleviation and climate financing in focus.
- G20 summit issues weakened joint statement without condemning Russia.
Eulerpool News·
In a time of global unrest and significant geopolitical tensions, the G20 leaders have issued a joint statement that indicates a softened stance on the Ukraine conflict. Unlike last year, there was no clear condemnation of Russia; instead, it emphasized the "human suffering" caused by the war led by Moscow, which has continued for 1,000 days.
President Volodymyr Zelensky is under growing pressure from Western allies who, despite Russia's occupation of about one-fifth of Ukrainian territory, are pushing for peace talks. This pressure is mounting in the context of a potential second term for Donald Trump, whose declared goal is to quickly end the war and limit military support for Kyiv should negotiations with Russia not commence.
At the meeting in Rio de Janeiro, the G20 countries, including key nations like the USA, the United Kingdom, France, and Germany, signed a declaration that merely referred to the "negative additional impacts of the war" and welcomed both "comprehensive and lasting peace." The critique originally included in last year’s document from New Delhi regarding nuclear war threats and attacks on infrastructure is absent this year.
The text in Rio dedicates only one paragraph to the Ukraine conflict, whereas the New Delhi document comprised seven paragraphs. "It is not the language we would have wished for," said a senior diplomat from a Western G20 member.
The negotiations on Ukraine and the Middle East conflict were deliberately postponed until the final days before the summit, reflecting the deep divisions within the group. European delegations, which demanded stronger wording following the recent missile attack on civilian targets in Ukraine, gave up their demand to avoid a potential blockade of the joint statement.
In addition to the Ukraine conflict, the declaration included key points such as effective taxation of the super-rich, poverty alleviation, a ceasefire in the Gaza Strip, and a reform of the UN Security Council. These issues were particularly focused on by the host country Brazil and its President Luiz Inácio Lula da Silva.
Despite objections from Argentine President Javier Milei, a right-wing libertarian and Trump admirer who openly criticized aspects of the declaration, it was adopted in the name of all G20 members. However, the reiterated call for an increase in climate financing from billions to trillions of dollars drew criticism due to the absence of a reference to a transition away from fossil fuels, which was emphasized this week at the COP climate conference in Baku, Azerbaijan. Modern Financial Markets Data
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Nov 19, 2024