Leaders of the world's 20 most powerful nations begin an annual summit on Saturday in India's capital New Delhi, deeply divided over the war in Ukraine but in broad agreement on issues such as cryptocurrencies and reforms in multilateral development banks.
According to a draft of the summit declaration reviewed by Reuters, negotiators were unable to resolve disagreements over the wording on the war in Ukraine, leaving it to the leaders to reach a compromise if possible.
G20 sherpas, or country negotiators, have been struggling for days to agree on the language because of differences over the war, hoping to get Russia on board to produce what is called the Leaders' Declaration. According to another senior source in one of the G20 countries, the paragraph on the war on Ukraine had been agreed by Western countries and sent to Russia for its views.
An EU diplomat said Russia was "blocking a compromise that is acceptable otherwise for everyone else". It also agreed that the world needs a total of $4 trillion low-cost financing annually for energy transition. The draft did not mention a fossil fuel phase-down. The hardened stance on the war has prevented agreement on even a single communique at the ministerial meetings during India's G20 presidency so far this year.
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