G20 Summit LIVE: Zelenskyy tells G20 'now is the time' to end Russia's war

11:13 (IST)

G20 Summit LIVE

PM Modi, US President Joe Biden share a light moment

Prime Minister Narendra Modi Tuesday shared a light moment with US President Joe Biden on the sidelines of the G20 summit in Bali, Indonesia.

PM @narendramodi and @POTUS @JoeBiden interact during the @g20org Summit in Bali. pic.twitter.com/g5VNggwoXd— PMO India (@PMOIndia) November 15, 2022

11:04 (IST)

G20 Summit LIVE

PM Modi seeks agreement to maintain supply of manure, foodgrains

Prime Minister Narendra Modi at the G-20 Summit in Indonesia on Tuesday highlighted India's efforts to further food security for the citizens and said that there is a need to ensure adequate supply chains "as far as food and fertilisers are concerned."

"At the #G20Summit this morning, spoke at the session on Food and Energy Security. Highlighted India's efforts to further food security for our citizens. Also spoke about the need to ensure adequate supply chains as far as food and fertilisers are concerned," PM Modi said in a tweet.

PM Modi, who is in Bali to attend the 17th edition of the G20 Summit, addressed the member countries at the G20 working session on Food and Energy Security.

In his intervention, PM Modi highlighted how India ensured the food security of its 1.3 billion citizens and supplied to many countries in need during the pandemic.

He termed the current shortage of fertilizers in terms of food security is also a huge crisis and said that today's fertilizer shortage is tomorrow's food crisis."

ANI

At the @g20org Summit this morning, spoke at the session on Food and Energy Security. Highlighted India’s efforts to further food security for our citizens. Also spoke about the need to ensure adequate supply chains as far as food and fertilisers are concerned. pic.twitter.com/KmXkeVltQo— Narendra Modi (@narendramodi) November 15, 2022

10:47 (IST)

G20 Summit LIVE

Xi urges G20 wealthy nations to reduce fallout of rate hikes

Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout from interest rate hikes, as the US Federal Reserve moves aggressively to fight inflation.

"Developed economies should reduce the negative spillover effects of their monetary policy adjustments and stabilise debts at a sustainable level," Xi told a summit in Bali of the 20 major economies.

AFP

10:32 (IST)

G20 Summit LIVE

Five central banks agree to enhance cooperation on inclusive cross-border payments at G20

Bank Indonesia, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, and Bank of Thailand have agreed to strengthen and enhance cooperation on more inclusive cross-border payments.

A Memorandum of Understanding (MOU) on Cooperation in Regional Payment Connectivity was signed on Monday in Bali, Indonesia, on the sidelines of the G20 Leaders' Summit, Singaporean central bank Monetary Authority of Singapore said in a statement.

ANI

10:18 (IST)

G20 Summit LIVE

India's energy-security is important for global growth, says PM Modi

Speaking at the G20 summit in Bali, Prime Minister Narendra Modi stressed the importance of India being energy secure.

"India's energy-security is important for global growth, as it is the world's fastest-growing economy," said PM Modi. "We must not promote any restrictions on the supply of energy and stability in the energy market should be ensured."

"India is committed to clean energy and environment; by 2030, half of our electricity will be generated from renewable sources," he added.

PTI

10:11 (IST)

G20 Summit LIVE

There should be no restrictions on energy supplies: PM Modi

"Today's fertilizer shortage is tomorrow's food crisis, for which the world will not have a solution. We should make a mutual agreement to keep the supply chain of both fertilizers and food grains stable and assured," Modi said.

09:58 (IST)

G20 Summit LIVE

Biden to press G-20 to hold tough on Russia over Ukraine war

President Joe Biden was set to try to cajole the world's largest economies to further isolate Russia diplomatically and economically over its invasion of Ukraine despite a souring global outlook that has tested other nations' resolve.

In meetings Tuesday at the Group of 20 summit in Indonesia, the U.S. leader is to continue a global tour pressing nations to stand up to Russia and defend Ukraine’s sovereignty in both symbolic and substantive ways. The effort comes as global inflation and slowing economies have put new pressures on countries that imposed penalties on Russia for the nine-month war that has sent food and energy prices soaring.

In opening the summit, Indonesian President Joko Widodo impressed on the gathering what's at stake.

“If the war does not end, it will be difficult for the world to move forward,” Widodo said. “We should not divide the world into parts. We must not allow the world to fall into another cold war.”

AP

09:49 (IST)

G20 Summit LIVE

Zelensky tells G20 'now is the time' to end Russia's war

Now is the time to end Russia's "destructive" war and "save thousands of lives", Ukrainian President Volodymyr Zelensky told the G20 summit in Bali via video address on Tuesday.

"I am convinced now is the time when the Russian destructive war must and can be stopped," he said, according to a speech obtained by AFP. "It will save thousands of lives."

Russian President Vladimir Putin was not in the room, however, having shunned the gathering and sent his Foreign Minister Sergei Lavrov to Bali in his place.

Zelensky slammed "the crazy threats of nuclear weapons that Russian officials resort to", referring to dark rhetoric by Putin that has made even Beijing uncomfortable.

AFP

09:39 (IST)

G20 Summit LIVE

Cambodia's Hun Sen has COVID-19 at G-20 after hosting summit

Cambodian Prime Minister Hun Sen said Tuesday he has COVID-19 and is canceling his events at the Group of 20 meetings in Bali, just days after hosting many world leaders, including President Joe Biden, for a summit in Phnom Penh.

In a posting on his Facebook page, the Cambodian leader said that he had tested positive for the coronavirus Monday night and the diagnosis had been confirmed by an Indonesian physician on Tuesday morning. He said he was returning to Cambodia and was canceling his meetings at the G-20 as well as the following APEC economic forum in Bangkok.

Cambodia was the host of the Association of Southeast Asian Nation summit that ended on Sunday, and Hun Sen met with many leaders who attended one-on-one.

AP

09:37 (IST)

G20 Summit LIVE

‘Our turn to take path of peace’, PM Modi tells G20 on Russia-Ukraine

"I've repeatedly said we've to find a way to return to the path of ceasefire & diplomacy in Ukraine. Over the past century, WWII wreaked havoc in the world. After that leaders of that time made a serious effort to take the path of peace. Now it's our turn," says PM Modi at G20 Summit, reports ANI.

09:34 (IST)

G20 Summit LIVE

World leaders converge in Bali for G20, Russia-Ukraine on their minds

Prime Minister Narendra Modi and leaders from the world's major economies arrived here ahead of the G20 summit, being held against the backdrop of the Russia-Ukraine war that has added to the challenges brought about by the devastating Covid pandemic.

"Recover Together, Recover Stronger" - the theme picked by Indonesia when it took over the presidency of G20 a year ago appeared apt at that time for the group of the world’s major economies fighting the effects of the Covid pandemic.

Russia’s war in Ukraine has piled more economic challenges onto the world, threatening food and energy shortages.

Apart from the Russia-Ukraine conflict and its impact on the global economy, another interesting development was a meeting between US President Biden and his Chinese counterpart Xi Jinping on Monday.

PTI