The Prague Post - Geopolitical fractures and Ukraine worries sap G20 summit

EUR -
AED 4.238556
AFN 72.7108
ALL 96.082026
AMD 435.639205
ANG 2.065997
AOA 1058.341098
ARS 1611.474574
AUD 1.62305
AWG 2.077442
AZN 1.963632
BAM 1.955918
BBD 2.31787
BDT 141.20853
BGN 1.972773
BHD 0.435694
BIF 3416.932404
BMD 1.154135
BND 1.470557
BOB 7.968499
BRL 5.995037
BSD 1.150835
BTN 106.274197
BWP 15.639471
BYN 3.451804
BYR 22621.040548
BZD 2.31447
CAD 1.580039
CDF 2614.114822
CHF 0.90569
CLF 0.026523
CLP 1047.273231
CNY 7.948352
CNH 7.943419
COP 4271.614184
CRC 539.416228
CUC 1.154135
CUP 30.58457
CVE 112.12455
CZK 24.430957
DJF 204.926165
DKK 7.472578
DOP 70.242113
DZD 152.435303
EGP 60.293726
ERN 17.312021
ETB 181.199444
FJD 2.548387
FKP 0.867712
GBP 0.863752
GEL 3.127505
GGP 0.867712
GHS 12.562759
GIP 0.867712
GMD 84.823045
GNF 10085.390801
GTQ 8.833022
GYD 241.259546
HKD 9.044873
HNL 30.665647
HRK 7.534209
HTG 150.955849
HUF 388.755308
IDR 19579.029955
ILS 3.577183
IMP 0.867712
INR 106.631949
IQD 1511.916486
IRR 1516533.02462
ISK 143.597326
JEP 0.867712
JMD 181.035446
JOD 0.818281
JPY 183.34598
KES 149.517795
KGS 100.928472
KHR 4618.158943
KMF 492.815153
KPW 1038.771922
KRW 1714.698012
KWD 0.353939
KYD 0.959025
KZT 554.50428
LAK 24695.742965
LBP 103230.386068
LKR 358.370781
LRD 210.596336
LSL 19.262967
LTL 3.40786
LVL 0.698125
LYD 7.380713
MAD 10.807029
MDL 20.075604
MGA 4806.971373
MKD 61.658341
MMK 2423.859761
MNT 4125.451781
MOP 9.288979
MRU 46.286555
MUR 53.805255
MVR 17.831543
MWK 2004.732168
MXN 20.373478
MYR 4.52077
MZN 73.760321
NAD 19.262575
NGN 1561.405647
NIO 42.379283
NOK 11.063172
NPR 170.039116
NZD 1.969052
OMR 0.44376
PAB 1.153188
PEN 3.94426
PGK 4.963644
PHP 69.028664
PKR 322.29194
PLN 4.26136
PYG 7460.224439
QAR 4.205087
RON 5.093888
RSD 117.41474
RUB 95.070643
RWF 1683.882559
SAR 4.333138
SBD 9.285224
SCR 16.472922
SDG 693.635342
SEK 10.706002
SGD 1.472688
SHP 0.8659
SLE 28.391892
SLL 24201.640544
SOS 656.519751
SRD 43.42429
STD 23888.258553
STN 24.497553
SVC 10.069259
SYP 127.96572
SZL 19.262124
THB 37.301872
TJS 11.030575
TMT 4.051013
TND 3.384495
TOP 2.778879
TRY 51.033419
TTD 7.808201
TWD 36.781758
TZS 3010.825447
UAH 50.563121
UGX 4352.843167
USD 1.154135
UYU 46.875638
UZS 14008.314214
VES 516.830947
VND 30353.743184
VUV 138.019678
WST 3.178729
XAF 655.976735
XAG 0.014505
XAU 0.00023
XCD 3.119107
XCG 2.074053
XDR 0.815825
XOF 658.432219
XPF 119.331742
YER 275.31915
ZAR 19.247972
ZMK 10388.594502
ZMW 22.446675
ZWL 371.63091
  • CMSD

    -0.0700

    22.88

    -0.31%

  • NGG

    -0.4700

    90.42

    -0.52%

  • CMSC

    -0.0400

    22.95

    -0.17%

  • BCE

    0.1100

    26.01

    +0.42%

  • GSK

    -0.3600

    53.41

    -0.67%

  • BCC

    1.2000

    72.92

    +1.65%

  • BP

    0.9500

    43.85

    +2.17%

  • RIO

    -0.0600

    89.8

    -0.07%

  • BTI

    -0.3900

    60.55

    -0.64%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • AZN

    -0.7200

    191.29

    -0.38%

  • RYCEF

    0.6900

    16.81

    +4.1%

  • JRI

    -0.0800

    12.46

    -0.64%

  • VOD

    0.1500

    14.75

    +1.02%

  • RELX

    -0.1800

    34.29

    -0.52%

Geopolitical fractures and Ukraine worries sap G20 summit
Geopolitical fractures and Ukraine worries sap G20 summit / Photo: HENRY NICHOLLS - POOL/AFP

Geopolitical fractures and Ukraine worries sap G20 summit

The G20's role in fixing economic crises is threatened by geopolitical fractures, leaders warned Saturday at a summit in South Africa boycotted by the United States.

Text size:

European leaders attending the G20 summit -- the first held in Africa -- huddled on its sidelines to push back at a unilateral plan by US President Donald Trump aimed at ending the war in Ukraine on terms favouring Russia.

In a joint statement issued with Canada and Japan, they said Trump's plan needs "additional work" as it would leave Ukraine "vulnerable". They added that some of its points required "the consent of EU and NATO members".

Speaking at the opening of the summit, one of the statement's signatories, French President Emmanuel Macron, said: "We are struggling to resolve major crises together around this table."

He warned that, given fissures in international cooperation, "the G20 may be coming to the end of a cycle".

"There's no doubt, the road ahead is tough," agreed British Prime Minister Keir Starmer -- who also signed the statement -- adding: "We need to find ways to play a constructive role again today in the face of the world challenges."

Chinese Premier Li Qiang said "unilateralism and protectionism are rampant" and "many people are pondering what exactly is happening to global solidarity."

But the summit's host, President Cyril Ramaphosa, argued the G20 remained key for international cooperation.

"The G20 underscores the value of the relevance of multilateralism. It recognises that the challenges that we face can only be resolved through cooperation, collaboration and partnership," Ramaphosa said.

- Concern for Ukraine -

The G20 comprises 19 countries plus the European Union and the African Union, and accounts for 85 percent of the world's GDP and two-thirds of its population.

The Johannesburg summit was undermined by the American boycott, and China's Li stood in for an absent President Xi Jinping, while Russia sent a Kremlin official, Maxim Oreshkin, instead of President Vladimir Putin, who is wanted under an International Criminal Court warrant.

The leaders present adopted a summit declaration covering climate, energy, debt sustainability and a critical-minerals pact -- along with a joint call for a "just" peace in Ukraine, the Democratic Republic of Congo, Sudan and the "Occupied Palestinian Territory".

Following the opening ceremony, Starmer, Macron and German Chancellor Friedrich Merz rushed into a meeting to discuss Trump's plan for Ukraine, joined soon after by other leaders from Europe, Australia, Canada and Japan.

Afterwards all of them, except Australian Prime Minister Anthony Albanese, issued a statement saying the "draft" US plan had some "important elements" but "will require additional work".

"Borders must not be changed by force," they said, adding they were "also concerned by the proposed limitations on Ukraine's armed forces, which would leave Ukraine vulnerable to future attack".

- 'Progress' sought -

European Council President Antonio Costa said on X the leaders of all 27 EU nations would hold a follow-up meeting on Monday, on the sidelines of a European Union-African Union summit in Angola.

Security officials from Britain, France and Germany were to meet US and Ukrainian counterparts on Sunday in Switzerland to seek "progress" on the US plan, both Starmer and Macron said.

Macron, speaking to journalists, said a "coalition of the willing" of some 30 nations backing Ukraine would on Tuesday follow up with a video call to coordinate and "to take new initiatives".

Trump has said he wants Kyiv to accept his 28-point proposals -- which involve ceding territory to Russia and cutting the size of Ukraine's military -- by Thursday.

But it said it would send the US charge d'affaires at its embassy in South Africa on Sunday to accept the handover of the next G20 presidency.

Trump has said he intends to hold the 2026 summit at a Florida golf club that he owns.

W.Urban--TPP