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G-20 finance chiefs pledge to tackle rising food crisis, but remain split over Russia’s role in it
During the talks, financial leaders from Western countries accused Russian economic technocrats of complicity in Moscow’s invasion of Ukraine, while also pointing to the war as the cause of the current global economic headwinds.
By Linda Yulisman/The Straits Times/ ANN | Jakarta | July 17
Finance chiefs from the Group of 20 largest economies (G-20) committed to tackling the worsening food insecurity, but remained deadlocked over Russia’s role in the crisis during the two-day meeting in Bali that ended on Saturday (July 16).
The finance ministers and central bankers did not issue a joint statement after the meeting, but agreed with most points in the chair’s summary – which covered various issues from macroeconomic stability to sustainable finance – produced by host Indonesia.
Russia’s war in Ukraine is “an issue members cannot reconcile”, said Indonesia’s Finance Minister Sri Mulyani Indrawati at a media briefing.
During the talks, financial leaders from Western countries accused Russian economic technocrats of complicity in Moscow’s invasion of Ukraine, while also pointing to the war as the cause of the current global economic headwinds.
Russia, on the other hand, blamed Western sanctions for blocked food shipments and surging energy costs.All members agreed that “a lot of attention, and intervention, and policy” is needed to improve and correct the supply disruption in order to address the current food security issues, Dr Sri Mulyani said.
This, she added, will be carried out by removing trade restrictions and protectionism to ensure the smooth flow of food from producing countries to those in need. “That’s certainly a very strong signal from all of us,” she noted.
Dr Sri Mulyani also said that in order to yield “a very concrete action”, members will consider establishing a joint cooperation between finance and agriculture ministers.This would be similar to the collaboration between finance and health ministers that generated the financial intermediary fund (FIF) for pandemic prevention and preparedness, which received additional pledges of up to US$1.28 billion (S$1.8 billion) at the meeting.
Indonesia, which has upheld an “independent and active” foreign policy, has sought a balance within the group, where relations have been frayed by the Ukraine war amid mounting economic pressures from rising inflation.While Western countries have imposed sanctions on Russia, other G-20 members, such as China, India, and South Africa, have refrained from condemning Russia.
Moscow’s invasion of Ukraine overshadowed previous meetings of the grouping, including last week’s gathering of foreign ministers, which did not produce a joint statement at its conclusion.Russian Deputy Finance Minister Timur Maksimov was in Bali for the meetings, and there was no reported walkout by officials as he addressed the meeting on Friday.
At the July 8 meeting of G-20 foreign ministers, Russian Foreign Minister Sergei Lavrov left the meeting during what he called “frenzied criticism” from the West against Russia.Ukraine’s Finance Minister Serhiy Marchenko, who addressed the meeting on Friday virtually at the invitation of host Indonesia, underlined that Russia’s invasion of his country “clearly marks the end of the existing world order”, and demanded “more severe targeted sanctions” against Moscow.
Canadian Finance Minister Chrystia Freeland told Russian representatives at the gathering that they are responsible for “war crimes in Ukraine”.
“It is not only generals who commit war crimes; it is the economic technocrats who allow the war to happen and to continue,” she said Friday.
In the opening session on Friday, US Treasury Secretary Janet Yellen, who attended the two-day meeting in person, condemned Russia’s “brutal and unjust war”, saying Russian officials shared responsibility for the “horrific consequences” of the war.
In another session on food security, she also blamed Russia for a global crisis of food insecurity marked by soaring prices of food, fertiliser and fuel.She said Moscow’s actions – including the destruction of agricultural facilities, the theft of grain and farming equipment, and blockage of Black Sea ports – were tantamount to using food as a “weapon of war”.
Dr Yellen, during her bilateral meetings with senior officials from Saudi Arabia, Australia, South Africa and Singapore on Saturday, called for countries to support a price cap on Russian oil to limit the flow of cash to its military, the Treasury said.Singapore was among a few non-G-20 member countries invited, represented by Deputy Prime Minister and Minister for Finance Lawrence Wong in Bali.The G-20 on Saturday discussed digital finance, green economy, cryptocurrencies, international taxation, and post-pandemic financial stability, among other issues.
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Meeting between Catholic religious leaders and President
A meeting between President Anura Kumara Dissanayake and Catholic religious leaders, led by His Eminence Malcolm Cardinal Ranjith, Archbishop of Colombo, was held at the Presidential Secretariat on Thursday (10).
Special attention was given to the Government’s programme to strengthen coexistence, peace and reconciliation among all communities in the country and to ensure national unity by preventing any form of racist or religiously motivated hate activity.
The progress of investigations into the Easter Sunday attacks was also discussed.
Lengthy discussions were held on measures that could be taken to prevent environmental damage and destruction affecting the lives of the people.
The Catholic religious leaders commended the measures taken by the Government to safeguard trust among all communities and expressed their fullest support for these efforts.
The issues faced by Catholic communities, including infrastructure development in areas where Catholic people reside, as well as measures that should be taken to address these issues, were also discussed at length.
Rev. Fr. Cyril Gamini, Rev. Fr. Julian Patrick and other priests, as well as Deputy Minister of Religious and Cultural Affairs Muneer Mulaffer, President’s Senior Additional Secretary Roshan Gamage and others, were also present at the meeting.
President’s Media Division (PMD)
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Sri Lanka faces new grid challenge as rooftop solar surges: former CEB GM
BY IfhAm NIzAm
Sri Lanka could soon face a new electricity-grid challenge—not from too little power, but from having too much solar generation in the wrong places and at the wrong times, a former Ceylon Electricity Board (CEB) General Manager told The Island.
The former CEB GM who insisted not to be named warned that the rapid growth of rooftop and utility-scale solar could place increasing pressure on CEB and LECO distribution feeders, substations and the national grid unless transmission, storage and grid-management systems are upgraded at the same pace.
“The issue is no longer simply how much solar we can install. The question is whether the grid can absorb those electrons when and where they are produced,” he told The Island.
He said Sri Lanka should learn from China and India, where the enormous expansion of renewable generation is now forcing policymakers to focus increasingly on storage, transmission capacity, intelligent dispatch and grid flexibility.
“China has already exceeded 1.28 TW of installed solar, while India’s grid-connected installed solar capacity stood at around 162.15 GW as of June 30, 2026. The difficult question now is what you actually do with so much solar when everyone is generating at almost the same time,” he said.
For Sri Lanka, he said, the warning is particularly relevant to the distribution network.
A feeder carrying a high concentration of rooftop solar can, during periods of strong sunshine and low local demand, move from the traditional one-way flow of electricity towards consumers to reverse power flow back towards the transformer and upstream network.
“That means the feeder is no longer simply a one-way road for electricity. At certain times of the day, it becomes a two-way road,” he said.
This can create voltage-rise, protection-coordination and transformer-loading issues and could eventually limit the amount of additional rooftop solar that can safely be connected to particular feeders.
“What matters is where those megawatts are connected,” he told The Island.
He said Sri Lanka therefore needs to begin looking at solar hosting capacity feeder by feeder and substation by substation, rather than treating the national grid as having unlimited capacity to absorb new distributed generation.
The problem is compounded by the evening transition, when solar generation falls rapidly just as electricity demand can increase.
“If the system has a lot of solar in the middle of the day and then loses that generation rapidly in the evening, something else has to respond. That is a flexibility problem,” he said.
This is where battery energy storage systems (BESS) are likely to become increasingly important—but the former CEB chief cautioned against allowing cheap imported battery hardware to drive the market.
“Sri Lanka could soon have huge BESS demand, very cheap battery hardware and everyone suddenly becoming a BESS pundit. What could possibly go wrong?” he said.
He cited fire safety, degradation, poor integration, weak energy-management systems, questionable warranties, incorrect sizing, inappropriate grid locations and poor thermal management as major risks.
“A system can look fantastic in Excel on Day One but perform very differently in Year Two,” he told The Island.
He said the future BESS market would therefore be determined less by who could supply the cheapest container and more by who understood the complete system.
“The future BESS business will not be about who can assemble the cheapest container. It will be about who understands battery, PCS, EMS, grid, safety, degradation and dispatch economics as one system,” he said.
For Sri Lanka, storage should also be considered as a distribution-grid asset, rather than solely as a large transmission-level installation.
Strategically located batteries could absorb excess rooftop solar on constrained feeders during the middle of the day and release electricity later when local demand rises, potentially reducing network congestion and improving the value of distributed generation.
“The question is not simply, ‘How many megawatt-hours of batteries do we need?’ The question is, ‘Where does the battery create the greatest system value?’” he said.
He said China’s and India’s experience could broadly be viewed as three stages: Phase One—build solar and wind; Phase Two—build storage; and Phase Three—redesign the grid around renewables.
Sri Lanka, he said, should learn from that progression before renewable penetration makes grid problems significantly more expensive to solve.
“Installing another large amount of solar is one thing. Absorbing those electrons when the sun is shining everywhere at once is quite another,” he said.
“Solar taught us how to generate cheap electrons. BESS and the grid will decide whether those cheap electrons are actually useful when they are needed.”
“That is perhaps the biggest lesson Sri Lanka should take from China and India’s energy transition right now,” he added.
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SC rules President Sirisena’s pardon of Gnanasara thera invalid
The Supreme Court yesterday ruled that former President Maithripala Sirisena’s decision to grant a presidential pardon to Bodu Bala Sena (BBS) General Secretary Ven. Galagoda Atte Gnanasara Thera was arbitrary and invalid in law.
A three-judge bench headed by Justice Janak de Silva delivered the judgment in response to fundamental rights petitions filed by the Centre for Policy Alternatives (CPA) and Sandhya Ekneligoda, challenging the former President’s decision to release the monk from prison.
Gnanasara Thera had been sentenced by the Court of Appeal in August 2018 to 19 years’ rigorous imprisonment, to run concurrently as six years, after being found guilty of contempt of court over his conduct inside the Homagama Magistrate’s Court on January 25, 2016, during proceedings related to the disappearance of Prageeth Ekneligoda.
The Supreme Court subsequently upheld the Court of Appeal’s finding of guilt on October 5, 2018.
However, Gnanasara Thera was released from Welikada Prison on May 23, 2019, after the then President Sirisena granted him a presidential pardon.
The petitioners challenged the legality of the pardon, prompting the Supreme Court to examine the exercise of the President’s constitutional power of clemency.
The Court’s ruling yesterday effectively nullifies the pardon granted to the BBS leader.
Viran Corea, PC, with Luwie Ganeshathasan and Khyati Wikramanayake appeared for the CPA, while Counsel Asthika Devendra, with Pulasthi Hewamanne, instructed by Manjula Balasuriya, appeared for Sandhya Ekneligoda.Counsel Thishya Weragoda, with Sanjaya Marambe and Iresh Senevirathne, appeared for Gnanasara Thera. Faiszer Musthapha, PC, with Pulasthi Rupesinghe, appeared for former President Sirisena.
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