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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.
News
New Chancellor appointed to General Sir John Kotelawala Defence University
President Anura Kumara Dissanayake has appointed Air Chief Marshal Kolitha A. Gunathilake (Retd.) as the new Chancellor of General Sir John Kotelawala Defence University.
The letter of appointment was presented to Air Chief Marshal Kolitha A. Gunathilake (Retd.) by Secretary to the President Dr Nandika Sanath Kumanayake at the Presidential Secretariat on Monday (05) afternoon.
Air Chief Marshal Kolitha A. Gunathilake(Retd.) has served as Commander of the Sri Lanka Air Force and as Chief of Defence Staff.
(PMD)
News
Govt. urged to halt ‘illegal’ presidential pardons
By Shamindra Ferdinando
The government is coming under pressure from civil society organisations to formulate a clear ‘mechanism’ to deal with requests for presidential pardons.
Representing civil society organisations, Gamini Viyangoda yesterday flayed the NPP government for the delay in taking action against Ven. Galagoda Aththe Gnanasara Thera, after the Supreme Court declared the 2019 presidential pardon granted to him by President Maithripala Sirisena null and void. He said successive Presidents had abused their executive power to release convicted persons from prison.
Purawesi Balaya activist Viyangoda pointed out that the Supreme Court ruled that President Sirisena had acted arbitrarily and failed to independently consider the relevant materials before exercising his executive power.
The Court of Appeal, in August 2018, sentenced Gnanasara Thera, General Secretary of the Bodu Bala Sena (BBS), to six years rigorous imprisonment for contempt of court over his conduct during proceedings concerning missing journalist Prageeth Ekneligoda. Viyangoda said that those who had been affected by the monk’s conduct have the right to know on what basis the President released him, in May 2019.
The Court of Appeal yesterday (05) ordered the relevant authorities to enforce the remaining period of imprisonment imposed on the Thera.
Gnanasara Thera, who had been subject to an open warrant for his arrest, was produced before the Court of Appeal, today, by prison officials.
Having considered the submissions made before it, the Court of Appeal directed the Commissioner General of Prisons to take the necessary steps to enforce the remaining period of the sentence imposed on Gnanasara Thera. Police on Saturday (03) apprehended the monk at a forest monastery in Kalutara. The Colombo Magistrate’s Court on Sunday (04) ordered the Thera to be remanded in custody till Monday.
Appearing for Gnanasara Thera, Attorney-at-Law Iresh Seneviratne, together with Attorney-at-Law Pasan Karunaratne, told the court yesterday that his client had been experiencing severe mental distress and had therefore gone to an ‘Aranya Senasanaya’, where he had been staying.
Viyangoda said that examination of presidential pardons, executed over the years, would reveal how successive leaders exploited the executive power to appease their own. Responding to The Island queries, Viyangoda said that Sirisena, in Sept. 2019, just two months before the presidential election, granted Jude Shramantha Jayamaha a Presidential pardon.
Jude Shramantha Jayamaha was sentenced to 12 years by the High Court, but the Court of Appeal revised that sentence to death, in July 2012, which the Supreme Court later upheld. Viyangoda said that though the Supreme Court, in June 2024, declared that the particular Presidential action was illegal and arbitrary, law enoforcement authorities were yet to take tangible measures to enforce the court directive.
Viyangoda stressed that no President should exercise the right to pardon a convicted on his or her own without following laid out procedures. According to him, Sirisena appeared to have simply ordered the monk, and the convicted murderer, released in response to appeals received by him. A comprehensive investigation could identify those who had been involved in these wrongdoings.
News
GL urges cautious handling of Saudi death row case, blasts govt. over BRICS affair
Convenor of Janathawadi Joint Opposition, Prof. G. L. Peiris, yesterday (05) emphasised the responsibility on the part of the government and others to act cautiously when making representations in respect of Sivarasa Anojan facing death sentence in Saudi Arabia over a controversial social media post.
Addressing the media at former President Ranil Wickremesinghe’s Flower Road Office, Prof. Peiris emphasised that whatever representations should be made through the Foreign Ministry.
The one-time External Affairs Minister warned of dire consequences of political party leaders, members of Parliament and civil society making direct representations and trying to get in touch with various Saudi authorities over the phone.
Prof. Peiris said that those who intervened on behalf of Anojan should keep in mind that Sri Lanka should be mindful of the Saudi way of governance and sensitivities.
The former Minister questioned the circumstances Sri Lanka was left out of the recent BRICS summit held in New Delhi. He recalled how former President Wickremesinghe discussed Sri Lanka’s entry into BRICS with Russian President Putin and received an invitation for the Summit there but as a result of the change of government, in Sept. 2024, Sri Lanka ignored that invitation.
That resulted in Sri Lanka being left out from the New Delhi summit, Prof. Peris said.
Prof. Peiris pointed out the absurdity in sending the Foreign Secretary to the BRICS Summit in Russia instead of the President, PM or the Foreign Minister to represent the country.
Referring to the forthcoming conclusion of the current IMF programme, initiated during Wickremesinghe’s time, Prof. Peiris said that Sri Lanka lost a great opportunity to benefit from BRICS by failing to represent the country at a higher level at the Russian summit.
The BRICS nations established the New Development Bank (NDB), originally called the BRICS Development Bank, Prof. Peiris said.
Dismissing NPP government’s explanation regarding Iranian ships awaiting necessary supplies but deprived by US imposed restrictions, the former Minister strongly criticised the administration’s response. According to him, this government responded in a similar manner when the US sank an unarmed Iranian frigate just outside Sri Lankan territorial waters in March this year.
Prof. Peiris declared that the government’s assertion that the US restrictions weren’t only directed at Sri Lanka but all Iranian vessels in other regions as well was not acceptable (SF)
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