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In the wake of the Russian Invasion of Ukraine, the G20 is focusing in bringing together to denounce Russia as well as proving that they’re not alone in their actions. This has been done in an attempt to for Russia to back down and stop the suffering going on. Though this isn’t an easy task, it is important to ensure that the G20 remains united in order to demonstrate Russia the world that their conduct won’t be tolerated.
1. What is they? G20 nations?
The G20 nations consist of 20 countries that have come together to cooperate in economic and financial issues. Argentina, Brazil, Canada and China are among the countries that are part of G20. The year 1999 was the year that the Asian financial crisis triggered the establishment of the G20.
2. Does there exist a declaration of the G20 regarding Russia?
G20 is an international organization that brings together 20 of the world’s biggest economies, is also known for its International Organization. The G20’s primary goal is to “strengthen international economic co-operation.” The G20 is becoming more active on topics such as carbon emissions and tax reduction. A statement by the G20 regarding Russia was issued as a response to news that Russia has been a shrewd influencer in this year’s US elections for president. It condemned Russia’s conduct and demanded an investigation. The G20 further urged every member state to take actions to ensure that they do not repeat the same infringement to occur in the near future.
3. What is the reason for Russia getting a foothold in the G20?
Even though Russia is a member of the G20 which is the organization that includes 20 large economies but it has been more disregarded by the group since recent times. The reason for this is a number of circumstances, such as Russia’s acquisition of Crimea and participation in the war within Ukraine. This has resulted in the imposition of sanctions against the country by several G20 members. In addition, Russia’s economy has been shattered because of the falling prices for oil, and is currently experiencing a recession. This has resulted in Russia being seen as an unimportant member of the G20.
The G20 leaders were adamantly against Russia’s aggression against Ukraine in their joint statement. This is a significant position taken by the world’s largest economies to oppose Russia’s aggression.