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Search resuls for: "Aftab Ahmed Christian Kraemer"


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☆ French finance minister says G20 must condemn Russia for Ukraine war
  + stars: | 2023-02-24 | by ( Aftab Ahmed Christian Kraemer | Aftab Ahmed | Christian Kraemer | ) www.reuters.com   time to read: +2 min
BENGALURU, Feb 24 (Reuters) - G20 financial leaders must condemn Russia's aggression against Ukraine, French Finance Minister Bruno Le Maire told Reuters in an interview on Friday, adding that Europe was working on new sanctions against Moscow. Speaking on the first day of the G20 financial leaders meeting near Bengaluru, Le Maire said, "Sanctions will be more and more efficient, more and more effective". Le Maire said that India's purchase of discounted Russian oil has reduced Moscow's oil revenues. On the G20 communique, Le Maire said, "The purpose is to stick to the wordings of 2022 in Bali. Russia, which is a member of the G20, refers to its actions in Ukraine as a "special military operation", and avoids calling it an invasion or war.
☆ Debt in focus as G20 finance chiefs meet in India
  + stars: | 2023-02-16 | by ( Aftab Ahmed Christian Kraemer | Aftab Ahmed | Christian Kraemer | ) www.reuters.com   time to read: +3 min
NEW DELHI, Feb 16 (Reuters) - G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia's invasion of Ukraine to discuss rising debt troubles among developing countries, the regulation of cryptocurrencies and the global slowdown. The Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India's G20 presidency and will be followed by a March 1-2 meeting of foreign ministers in New Delhi. As global borrowing costs rise, India - whose neighbours Sri Lanka, Pakistan and Bangladesh have all sought International Monetary Fund support in recent months - wants to put debt relief at the forefront of discussions at the finance talks. "Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage," India's Ministry of Finance told parliament this week. Neither the Russian finance minister nor the central bank chief were expected to attend the meeting.
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