JAKARTA -- The finance ministers and central bank governors of 20 major economies in mid-July failed to reach a consensus on Russia's war in Ukraine, auguring poorly for the leaders' summit in November.
The finance chiefs' meeting is usually the opportunity for hard bargaining and deal-making, culminating later with a declaration by the leaders. Even in 2018, when the U.S. under President Donald Trump restricted trade with China and tensions between the two countries intensified, the Group of 20 summit in Buenos Aires managed to issue a leaders' declaration. But now the division between Western countries and Russia has deepened.
