THE Brazilian The foreign minister said that the president’s government Zaich Bolsonaru is “clearly opposed” to the idea of excluding Russia from G20which is mainly promoted by the USA.
“We have seen initiatives appear in various international organizations in order to expel Russia from these entities or to suspend its participation. “Brazil is clearly opposed to our traditional position on multilateralism and international law,” said Carlos Franca, Brazil’s foreign minister, during a debate in the Senate. Russian invasion of Ukraine.
“The most important thing right now is for all these forums, the G20, the WTO, the Food and Agriculture Organization of the United Nations, to continue to function fully. “In order to function fully, all countries, including Russia, must be present.”
US President Joe Biden called for Russia to be expelled from the G20 on Thursday (24/3). The country had already been expelled from the G8 – which became the G7 – after the annexation of Crimea in 2014.
He acknowledged, however, that the decision was left to the G20 itself, a body set up to foster dialogue between the G7’s traditional industrial powers and emerging economic giants such as China, Brazil and Russia.
Indonesia, the country holding the rotating G20 presidency this year, announced on Thursday that it would remain “impartial”. China has already estimated that Vladimir Putin should be present at the summit to be held later this year. The Australian Prime Minister, however, can not imagine Putin sitting at the same table with the US.
“War in Ukraine will affect value chains and inflation”
Meanwhile, more and more countries are expressing concern about the consequences of the war in Ukraine. Mexican Finance Minister Rachel Ramirez de la O has warned that the war between Russia and Ukraine will have a detrimental effect on value-added chains and inflation.
“We are at the beginning of a new monetary cycle and the end of low interest rates. “Tensions in Europe will prolong disorganization in some global value-added chains and affect prices,” he told a news conference.
Source: News Beast
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