The China Mail - As Ukraine fallout worsens, G7 seeks to woo fence-sitters

USD -
AED 3.672501
AFN 63.99991
ALL 81.218818
AMD 360.139994
ANG 1.789785
AOA 917.999991
ARS 1536.337501
AUD 1.422696
AWG 1.8025
AZN 1.689986
BAM 1.747092
BBD 2.014338
BDT 124.158076
BGN 1.747831
BHD 0.377606
BIF 3001.375712
BMD 1
BND 1.27771
BOB 12.126707
BRL 5.41355
BSD 1.000156
BTN 94.912544
BWP 13.81787
BYN 2.946066
BYR 19600
BZD 2.011399
CAD 1.39657
CDF 2314.999761
CHF 0.825455
CLF 0.025073
CLP 990.119988
CNY 6.661098
CNH 6.652475
COP 3176.09
CRC 454.787056
CUC 1
CUP 24.001751
CVE 98.497943
CZK 21.840298
DJF 178.090635
DKK 6.708085
DOP 60.620679
DZD 135.903569
EGP 56.000702
ERN 15
ETB 161.461739
EUR 0.89757
FJD 2.243698
FKP 0.747647
GBP 0.7473
GEL 2.598748
GGP 0.747647
GHS 11.651465
GIP 0.747647
GMD 73.99979
GNF 8851.589159
GTQ 7.645651
GYD 209.633474
HKD 7.845255
HNL 26.880818
HRK 6.76901
HTG 131.032142
HUF 328.230952
IDR 18164
ILS 3.13655
IMP 0.747647
INR 94.959002
IQD 1516.088114
IRR 1868415.000088
ISK 122.000193
JEP 0.747647
JMD 158.924129
JOD 0.709027
JPY 157.348503
KES 129.950336
KGS 87.448694
KHR 4080.593508
KMF 440.999774
KPW 899.999961
KRW 1334.390289
KWD 0.31118
KYD 0.833434
KZT 453.459704
LAK 22517.911061
LBP 89559.597295
LKR 332.651457
LRD 170.008263
LSL 16.666696
LTL 2.95274
LVL 0.60489
LYD 6.428964
MAD 9.833447
MDL 17.902128
MGA 4523.771239
MKD 55.008665
MMK 2099.909661
MNT 3597.883233
MOP 8.081288
MRU 40.55493
MUR 47.280181
MVR 15.449954
MWK 1733.828824
MXN 18.81377
MYR 4.058296
MZN 63.910181
NAD 16.666696
NGN 1346.119805
NIO 36.803459
NOK 9.228735
NPR 151.859892
NZD 1.776089
OMR 0.384494
PAB 1.00025
PEN 3.46149
PGK 4.551281
PHP 63.690989
PKR 276.672235
PLN 3.948775
PYG 5859.074911
QAR 3.645686
RON 4.793981
RSD 105.483974
RUB 80.757293
RWF 1476.317024
SAR 3.7544
SBD 8.058206
SCR 13.74931
SDG 601.503764
SEK 9.84828
SGD 1.278675
SHP 0.748335
SLE 22.895409
SLL 20969.504398
SOS 571.533215
SRD 37.619501
STD 20697.981008
STN 21.886236
SVC 8.750648
SYP 13001.999685
SZL 16.6622
THB 33.758497
TJS 9.205654
TMT 3.5
TND 2.990728
TOP 2.40776
TRY 49.946602
TTD 6.780948
TWD 32.616993
TZS 2641.229874
UAH 45.361884
UGX 4250.396409
UYU 40.208322
UZS 11995.497668
VES 887.479805
VND 25803.5
VUV 119.217464
WST 2.773901
XAF 588.767481
XAG 0.020193
XAU 0.000255559048
XCD 2.70255
XCG 1.802387
XDR 0.707052
XOF 588.767481
XPF 106.533507
YER 236.202449
ZAR 16.69621
ZMK 9001.19855
ZMW 20.167407
ZWL 321.999592
SSP 5745.199062
MXV 2.120415
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

As Ukraine fallout worsens, G7 seeks to woo fence-sitters
As Ukraine fallout worsens, G7 seeks to woo fence-sitters / Photo: © POOL/AFP

As Ukraine fallout worsens, G7 seeks to woo fence-sitters

The five emerging powers -- Argentina, India, Indonesia, Senegal and South Africa -- have become the object of the G7 industrialised powers' charm offensive, as the club of rich nations seeks to build a broader support base in their backing for Kyiv.

Text size:

But three of them failed to condemn Russia for its invasion of Ukraine.

Two others did but are, like others, not spared from the consequences of the fallout from the increasingly drawn-out conflict.

India, Senegal and South Africa failed to condemn Russia over its assault of Ukraine, while Argentina and Indonesia did.

German Chancellor Olaf Scholz, who is hosting the G7 summit of advanced economies in the Bavarian Alps, said the invitation to the five emerging powers signalled that the community of democracies is not limited to the West or to countries in the northern hemisphere.

"The democracies of the future are to be found in Asia and Africa," the German leader said.

On the eve of the guest nations joining the summit, the G7 rolled out a $600 billion global infrastructure programme for the developing world.

The summit later put out a joint statement with the guest countries pledging their commitment to the rules-based international order.

But the statement steered clear of the war in Ukraine.

Belying the invitation and the altruistic programme are fears that a blowback over the West's support for Ukraine is building around the globe.

And Western allies are anxiously battling to correct the rhetoric fanned by Moscow that it is the sanctions against Russia rather than Vladimir Putin's invasion of Ukraine that are causing the multitude of crises rocking the world.

German Foreign Minister Annalena Baerbock stressed at a recent international food security conference that "Russia is responsible for this dramatic crisis, not international sanctions".

"We know about indirect negative sanctions effects and we acknowledge them. However, they are much smaller than the brutal actions of Russia, which uses hunger as a weapon," she said.

- Sceptical -

Thorsten Brenner, director of the Global Public Policy Institute, noted that "a crucial task" facing the G7 "is convincing many non-Western countries who are sceptical of sanctions that the West is mindful of their concern about rising energy prices when designing sanctions".

The emerging powers will meanwhile seek to underline the hunger crisis threatening their countries as Russia's blockade of Ukrainian grain exports sends wheat prices soaring.

But other essentials like sunflower oil and fertilisers essential for planting were also becoming scarcer as both Ukraine and Russia are large producers.

And a scramble for energy by Western powers seeking to wean themselves off Russian energy has further pushed up power prices -- once again hurting the poorest hardest.

Statements by Senegal President Macky Sall following his recent visit to Moscow for talks with Putin over the food crisis had alarmed Western officials.

Sall had said he was "reassured" by Putin and had instead called on Ukraine to demine waters around its Odessa port to allow grain exports out.

At the same time, Western allies are also seeking to ensure that the developing giants refrain from taking action that could worsen the crisis.

India's decision to halt wheat exports and Indonesia's move to stop palm oil exports have sparked shockwaves in the commodities markets.

Argentina has also lowered its quota of wheat exports.

South Africa is meanwhile ailing from soaring oil prices.

- 'Don't torpedo' -

Putin too was jostling to broaden his backing, and has sought to hammer home his message that Western sanctions were to blame during a summit of Brazil, China, India and South Africa.

He has called the countries to cooperate in the face of "selfish actions" from the West.

Amid fears of a growing gulf between the West and the rest, European leaders were tempering their tone.

While calls had been made earlier for G20 host nation Indonesia to exclude Putin from this November's summit, European leaders now appear to have distanced themselves from the stance.

A Kremlin advisor said Monday that Putin plans to attend the summit, having received the official invitation. Jakarta has also invited Ukraine's President Volodymyr Zelensky.

Scholz said the group of major developed and developing economies will continue to play a "big role" and cooperation was key.

Germany would hence "not torpedo" the G20's work, Scholz told ZDF public television.

EU chief Ursula von der Leyen said on Sunday that she did not rule out sitting at the same table with Putin at the G20.

"It is also important to tell him to his face what we think of him," she said.

"And we must carefully consider whether we want to paralyse the whole G20," she said, warning that the bloc which makes up 80 percent of total world economic output is "too important a platform" to undermine.

W.Cheng--ThChM