G20 Ministers say door always open to Russia

G20 Finance Ministers and central bankers meeting in Cairns on Saturday to discuss ways to boost economic growth said Russia would not be excluded over its actions involving Ukraine.

“The door will always remain open for communication in order to address some of the geopolitical tensions involving Russia,” Australian federal treasurer Joe Hockey said.

“They are member of the G20, we expect they will attend the G20 meetings,” Mr. Hockey said.

Moscow has sent a delegation to the two-day meeting in Cairns.

Business leaders (B20) and civil society groups (C20) were also taking part in discussion in Cairns.

G20 economic leaders have set a target of raising gross domestic product by at least 2 per cent over the next five years.

It estimates that doing so would contribute more than 2 trillion dollars to world GDP and create millions of jobs.

Proposals and recommendations on strategies to simulate growth and investment, create jobs, cooperate on monetary policy, regulate tax and develop infrastructure are to be discussed.

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Printable version | Jan 25, 2021 7:44:30 PM |

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