Half the G20 Block Does Not Support Sanctions Against Russia - Bloomberg

G7 leaders have pledged their long-term support for Ukraine, but their G20 counterparts are not ready to join in isolating Russia, the agency writes. Half the G20 countries do not support U.S. and European sanctions against Russia, and also oppose the isolation of Moscow. This was reported by Bloomberg agency on August 5. It is noted that the G20 accounts for some 85% of global economic output. At the same time, only half of the world’s largest national economies among the group have joined the international measures imposed on Russia because of its invasion of Ukraine. “It’s an uncomfortable reality confronting Secretary of State Antony Blinken during his extended tour of Southeast Asia and Africa: Much of the world isn’t ready to follow US and European efforts to isolate President Vladimir Putin’s Russia,” the article reads. As Bloomberg writes, this situation makes the G7 initiative to cap the price of Russian oil more challenging, and also “emboldens Putin and his key supporter, Chinese President Xi Jinping, in pursuing their global agendas.” For example, China’s spending on Russian oil has soared sharply since the outbreak of the war in Ukraine: in June, Beijing spent 72% more on Russian energy purchases than a year earlier. In addition, China is locked in a rivalry with the U.S., with tensions spiking this week due to House Speaker Nancy Pelosi’s visit to Taipei. Calls to contain the Kremlin are also ignored, among others, in India, Brazil, South Africa and Turkey. Earlier it was reported that the Russian Federation found a new way to bypass oil sanctions of the West. Корреспондент