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Newsline: India reluctant to discuss new G20 sanctions on Russia

India does not want the Group of 20 nations to discuss additional sanctions on Russia for its invasion of Ukraine during New Delhi’s one-year presidency of the bloc, six senior Indian government officials told Reuters. On the sidelines of a key G20 gathering in India, financial leaders of the Group of Seven (G7) nations will meet on Feb. 23, the eve of the first anniversary of the invasion, to discuss measures against Russia, Japan’s finance minister said on Tuesday. The officials, who are directly involved in this week’s G20 meeting of finance ministers and central bank chiefs, said the war’s macroeconomic impact would be discussed but India does not want to deliberate on additional actions against Russia. “India is not keen to discuss or back any additional sanctions on Russia during the G20,” said one of the officials. “The existing sanctions on Russia have had a negative impact on the world.” Another official said sanctions were not a G20 issue. “G20 is an economic forum for discussing growth issues.” (https://neuters.de/world/host-india-does-not-want-g20-discuss-more-sanctions-russia-sources-2023-02-22/) Spokespeople for the Indian government and the finance and foreign ministries did not immediately respond to requests for comment. Indian Foreign Minister S. Jaishankar has previously said the war has disproportionately affected poorer countries by raising prices of fuel and food. India’s neighbours – Sri Lanka, Pakistan and Bangladesh – have all sought loans from the International Monetary Fund in recent months to tide over economic troubles brought about by the pandemic and the war.

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