The G20 group today adopted a consensus declaration at a summit that avoided condemning of Russia on the war in Ukraine, but called on all states to refrain from using force to seize territory.

The consensus came as a surprise as the group is deeply divided over the war in Ukraine, with Western nations earlier pushing for strong condemnation of Russia in the Leaders’ Declaration, while other countries demanded a focus on broader economic issues.

Following are excerpts from the proclamation:

WAR IN UKRAINE

– Regarding the war in Ukraine, all states must act in a manner consistent with the purposes and principles of the UN Charter as a whole

– Regarding the war in Ukraine, all states must refrain from the threat or use of force in pursuit of territorial conquest against the territorial integrity and sovereignty or political independence of any state

– Regarding the war in Ukraine, the use or threat of use of nuclear weapons is unacceptable

– On the crisis in Ukraine, “there were different views and assessments of the situation” – Peaceful conflict resolution and crisis management efforts as well as diplomacy and dialogue are critical

– “Today’s era should not have wars.”

GRAIN/ FOOD/ ENERGY/ SECURITY

– (The 20th) Calls on Russia and Ukraine to ensure immediate and uninterrupted deliveries of grain, food and fertilizers from Russia and Ukraine

– Emphasizing the importance of maintaining food and energy security, he called for an end to destruction by military means or other attacks on infrastructure

– The potential for high levels of volatility in food and energy markets remains

ECONOMICS AND FINANCIAL MARKETS

– “It will protect the vulnerable, by promoting equitable growth and strengthening macroeconomic and financial stability”

– Confirms the April 2021 exchange rate commitment made by our finance ministers and bank governors

– We support the Financial Stability Board’s high-level recommendations for regulation, supervision and oversight of crypto assets, activities

– Our finance ministers, central bank governors will discuss the promotion of the cryptocurrency roadmap at their meeting in October

– We renew our commitment to ensure a level playing field and fair competition by discouraging protectionism and market-distorting practices

climate change

– Need to accelerate efforts to phase out renewable energy from coal, according to national conditions

– Will work to facilitate low-cost financing for developing countries to support their low-carbon transition

– It will continue and encourage efforts to triple renewable energy capacity worldwide through existing targets and policies, according to national circumstances by 2030

– We reiterate our commitment to take action to increase sustainable finance

– We reiterate the use of carbon pricing and non-pricing mechanisms and incentives for carbon neutrality and zero carbon emissions

– We recognize the need for increased global investment to meet our Paris Agreement climate goals

– We document the need for $5.8-$5.9 trillion in the pre-2030 period required for developing countries, particularly for their needs to meet their emissions targets

– (The G20) Calls on parties to set an ambitious, transparent and traceable new collective quantitative climate finance target in 2024, from a floor of $100 billion per year

her

– Committed to promoting sustainable growth by urgently and effectively addressing debt vulnerabilities in developing countries

– Calls for swift completion of debt relief for Ethiopia

HEALTH

– Remains committed to strengthening the global health architecture

– It will strengthen the resilience of health systems and support the development of climate-resilient and low-carbon health systems in cooperation with multilateral development banks (MDBs)