G20 Finance Leaders Conclude Talks Amid Tensions Over Russia's Participation

Sep 2, 2026

57 min

Sep 2, 2026 02:31

G20 finance leaders close talks marked by US welcoming Russia

## US Hosts G20 Finance Meeting

The G20 finance leaders wrapped up their two-day meeting in Asheville, North Carolina, with a statement that was largely supported, except by China. The presence of Russia's Finance Minister Anton Siluanov stirred controversy, especially among European allies concerned about the ongoing conflict in Ukraine.

## European Concerns

European officials expressed discomfort with Russia's participation, given the ongoing war in Ukraine. Canadian Finance Minister Francois-Philippe Champagne acknowledged the unease, while EU economy chief Valdis Dombrovskis emphasized that it was not the time to "normalize" Russia's involvement in such forums.

## US Perspective

US Treasury Secretary Scott Bessent argued that engaging with Russia was important, despite some European objections. He noted that Siluanov, the Russian finance minister, was not under sanctions, suggesting that dialogue should continue.

## Other Key Issues

The meeting also addressed global economic imbalances, with China dissenting on sections related to non-market policies. The US, holding the G20 presidency, aimed to rally support for sanctions on Iran and address trade imbalances. Additionally, the ongoing conflict in Ukraine and recent Russian military actions were discussed, with European ministers reiterating their support for Kyiv.

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