Berliner Boersenzeitung - Ukraine war and climate stalemate loom over G20 summit

EUR -
AED 4.244219
AFN 76.265188
ALL 93.244792
AMD 423.087628
AOA 1060.780519
ARS 1728.896998
AUD 1.637965
AWG 2.08285
AZN 1.966679
BAM 1.957416
BBD 2.326121
BDT 142.958042
BHD 0.435755
BIF 3457.935899
BMD 1.155534
BND 1.480923
BOB 14.026278
BRL 5.937709
BSD 1.154954
BTN 109.797185
BWP 15.661864
BYN 3.41582
BYR 22648.469045
BZD 2.322768
CAD 1.619538
CDF 2612.662718
CHF 0.93298
CLF 0.026749
CLP 1056.216215
CNY 7.799522
CNH 7.797857
COP 3676.909617
CRC 523.732451
CUC 1.155534
CUP 30.621655
CVE 110.582239
CZK 24.19053
DJF 205.360973
DKK 7.475959
DOP 67.310099
DZD 153.620497
EGP 57.544214
ERN 17.333012
ETB 184.827242
FJD 2.554311
FKP 0.85882
GBP 0.858273
GEL 3.021745
GGP 0.85882
GHS 13.548654
GIP 0.85882
GMD 84.92773
GNF 10148.480495
GTQ 8.809274
GYD 241.590075
HKD 9.063634
HNL 31.037372
HRK 7.535927
HTG 151.004686
HUF 361.716561
IDR 20669.039071
ILS 3.470936
IMP 0.85882
INR 109.868418
IQD 1514.327484
IRR 1588628.329042
ISK 141.829705
JEP 0.85882
JMD 183.531544
JOD 0.819316
JPY 182.269373
KES 149.514917
KGS 101.051106
KHR 4682.834137
KMF 493.413562
KRW 1643.262353
KWD 0.357314
KYD 0.962491
KZT 541.96516
LAK 26120.848953
LBP 103478.082403
LKR 387.560012
LRD 209.441022
LSL 18.846883
LTL 3.411992
LVL 0.698971
LYD 7.354989
MAD 10.762356
MDL 20.066482
MGA 4971.689885
MKD 61.580848
MMK 2425.815515
MNT 4157.840286
MOP 9.330564
MRU 46.313079
MUR 54.275184
MVR 17.852777
MWK 2007.163293
MXN 19.914358
MYR 4.729712
MZN 73.850081
NAD 18.858114
NGN 1574.438557
NIO 42.505097
NOK 10.997473
NPR 175.676818
NZD 1.963871
OMR 0.444323
PAB 1.154929
PEN 3.911502
PGK 5.111508
PHP 70.048576
PKR 321.005917
PLN 4.301765
PYG 6887.687225
QAR 4.212788
RON 5.246475
RSD 117.367701
RUB 93.546225
RWF 1694.013042
SAR 4.336175
SBD 9.323252
SCR 16.772614
SDG 693.894165
SEK 10.964627
SGD 1.480354
SLE 28.428172
SOS 693.902783
SRD 43.526662
STD 23917.223579
STN 24.843984
SVC 10.105344
SZL 18.847158
THB 38.225186
TJS 10.659671
TMT 4.044369
TND 3.367256
TRY 54.967715
TTD 7.834469
TWD 37.291284
TZS 3061.985185
UAH 51.682975
UGX 4307.556788
USD 1.155534
UYU 46.438345
UZS 13791.299416
VES 871.516844
VND 30333.926576
VUV 138.160293
WST 3.162411
XAF 656.496234
XAG 0.018625
XAU 0.000272
XCD 3.122889
XCG 2.081428
XDR 0.817487
XOF 656.92
XPF 119.331742
YER 273.717152
ZAR 18.869562
ZMK 10401.194575
ZMW 22.046727
ZWL 372.08152
  • RBGPF

    -1.2500

    69.74

    -1.79%

  • RYCEF

    0.6500

    21

    +3.1%

  • CMSC

    -0.0600

    21.73

    -0.28%

  • BCC

    -1.6900

    84.8

    -1.99%

  • RIO

    2.5000

    101.51

    +2.46%

  • CMSD

    0.0200

    22.04

    +0.09%

  • RELX

    -0.1900

    36.61

    -0.52%

  • NGG

    -0.1600

    80.26

    -0.2%

  • JRI

    -0.0500

    12.67

    -0.39%

  • BCE

    0.0600

    22.06

    +0.27%

  • VOD

    -0.3800

    15.31

    -2.48%

  • GSK

    -0.0700

    51.46

    -0.14%

  • BTI

    0.1500

    59.27

    +0.25%

  • BP

    -1.2300

    41.21

    -2.98%

  • AZN

    5.8800

    161.5

    +3.64%

Ukraine war and climate stalemate loom over G20 summit
Ukraine war and climate stalemate loom over G20 summit / Photo: Ludovic MARIN - AFP

Ukraine war and climate stalemate loom over G20 summit

The escalating war in Ukraine and stalled UN climate negotiations dominated the final day of a G20 summit in Brazil on Tuesday, held in the shadow of Donald Trump's looming US presidency.

Text size:

Chinese President Xi Jinping -- the most powerful leader at the summit -- repeated his warning of turbulent times ahead, warning his French counterpart Emmanuel Macron in a meeting of increasing "risks and challenges."

Macron told Russia ally Xi that the two shared "converging views" on seeing peace brought about in Ukraine, while also expressing concern about "bellicose and escalatory comments from Russia about its nuclear doctrine."

Xi has sought in vain, with Brazil, to get Russia and Ukraine to the negotiating table but developments in the war are rapidly overtaking diplomacy.

President Joe Biden, at the G20 summit as a diminished figure given Trump's imminent arrival on the world scene, made a last-gasp major policy shift by allowing Ukraine to fire US-supplied long-range missiles into Russia.

Russia, which has warned it will respond if targeted by the weapons, said Tuesday Ukraine fired US ATACMS missiles into its border region.

- Russia warning -

Russian Foreign Minister Sergei Lavrov told journalists at the Rio de Janeiro summit "that meant they were operated by US military experts" and "we consider this a new phase in the West's war against Russia, and we will react."

In what was seen as a threat of nuclear escalation, he suggested Western capitals read "all" of Russia's nuclear doctrine to understand the risks.

Lavrov was standing in at the summit for President Vladimir Putin, who is the target of an International Criminal Court arrest warrant.

The summit's joint declaration on Monday made no mention of Moscow's aggression in the war, saying only that the leaders welcomed "all relevant and constructive initiatives that support a comprehensive, just, and durable peace" in Ukraine.

Macron has called Biden's decision to free Ukraine's hand with US missiles "good". But German Chancellor Olaf Scholz said it would not follow suit and continued to hold out on giving sophisticated Taurus missiles to Kyiv.

The summit statement also had the leaders urging an end to conflict in the Middle East, where Israel is waging offensives in both Gaza and Lebanon. Israel and archenemy Iran have also exchanged fire.

The G20 called for "comprehensive" ceasefires in both Gaza and Lebanon.

- 'History is watching' -

Brazilian President Luiz Inacio Lula da Silva has sought to use his hosting duties to steer the summit towards his progressive agenda, rallying support for a global campaign against hunger and trying to spur on stalled UN climate talks happening concurrently in Azerbaijan's capital Baku.

"We cannot leave the task of Baku until Belem," Lula said Tuesday, referring to the Amazonian city that will host next year's UN climate talks.

The G20 summit statement on Monday fell short of expectations held by negotiators at Baku's COP29 conference.

While acknowledging the need for trillions of dollars in climate finance for poorer nations, it failed to explicitly mention the need to transition away from fossil fuels.

Lula said that next year's conference would be the "last chance" to avoid "irreversible" damage wrought by Earth's warming.

Biden threw his weight behind getting the COP29 back on track, telling the G20 summit: "History is watching us."

He added: "I urge us to keep the faith and keep going. This is the single greatest existential threat to humanity."

- Plot against Lula -

The summit was rocked by the arrest on Tuesday of four Brazilian soldiers, on the suspicion they were part of a plot to assassinate Lula in 2022.

A federal police source told AFP the four "were arrested in Rio, where they were participating in the security operation for the G20 leaders' meeting," and that a police officer was also arrested.

The military, however, said the four arrested soldiers were not part of the G20 security detail.

Brazilian police said they were suspected of plotting a "coup" against Lula just before he took up his current mandate.

(A.Lehmann--BBZ)