Moscow, 28 March 2022 (TDI): The President of the Russian Federation, Vladimir Putin will be attending the G20 summit. The summit will be hosted by Indonesia later this year.
The information was shared by the Ambassador of the Russian Federation to Indonesia, Lyudmila Vorobyova on Wednesday.
The 17th Group of 20 (G20) Heads of State and Government Summit will take place in October 2022 in Bali, Indonesia under the Indonesian Presidency.
Presently Russia is embroiled in a war with its neighboring Ukraine. Russia launched an invasion of Ukraine on 24th February after persistent tensions between the two neighbors.
Owing to that, the Western countries, most notably, the United States (US) have been pushing to exclude Russia from the G20 group. Regardless, the other members specifically China, proclaim that it is not possible.
China has backed the persistent membership of Russia in the G20. It claims Russia to be an important member of the group and that no other member has the right to remove another country as a member.
This statement was given by the Spokesperson of the Chinese Foreign Ministry, Wang Wenbin at a news briefing on Wednesday.
G20: A strategic multilateral platform
A multilateral platform, the G20 connects the major developed as well as emerging global economies. The G20 holds a noteworthy position in ensuring future global economic growth and prosperity.
More than 80 percent of world GDP is represented by the G20 members, which is 75 percent of global trade and 60 percent of the global population. The G20 has evolved into a yearly summit involving the Head of State and Government.
It started in 1999 as a meeting for the finance ministers and central bank governors. Furthermore, in addition to that, the Sherpa meetings, working groups, and special events are also organized throughout the year. Sherpa meetings are in charge of carrying out negotiations and building consensus among Leaders.