RT.com
06 Aug 2022, 07:13 GMT+10
Half of the G20 nations have not supported the sanctions
The US-led drive to isolate Russia through sanctions has not succeeded, as half the countries in the Group of Twenty leading global economies refused to sign on, Bloomberg reported on Friday.
According to the publication, senior officials from leading Western nations are surprised by the lack of support within the wider G20, despite their efforts to make the case for restrictions against Russia.
Argentina, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, and Turkey have not joined the sanctions that were adopted by the US, UK, EU, and their allies Australia, Canada, Japan, and South Korea. Some nations, like China and South Africa, have openly criticized the restrictions. The G20 nations account for around 85% of global economic output.
According to Bloomberg, the reasons for the lack of support include strong trade ties, historical affinities to Moscow, and a distrust of former colonial powers.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationBANGKOK, Thailand: Instant noodle makers have asked Thailand to allow them to increase their prices to meet rising costs, which ...
JEDDAH, Saudi Arabia: In a Twitter post published this week, Saudi Arabia's Kingdom Holding said it had invested in Russian ...
DELHI, India: Dubbed the country's Warren Buffett, India's best-known stock investor and self-made billionaire, Rakesh Jhunjhunwala, died on August 14 ...
SAO PAULO, Brazil: Brazil's central bank chief Roberto Campos Neto has said that he believes credit cards will cease to ...
LONDON, England: Despite a recent rebound, speculators in the international copper market, considered an indicator of the world's economic health, ...
MOSCOW, Russia: Financial information released by the Rosstat federal statistics service this week indicated that Russia's economy shrank 4 percent ...
WELLINGTON, New Zealand: During his visit to New Zealand, Ambassador Sujiro Seam, Head of the Delegation of the European Union ...
TALLINN, Estonia: The leaders of Estonia and Finland have said that Russian citizens should not be able to go on ...
WARSAW, Poland: Toughening its rhetoric in its rule-of-law row with the European Union, Poland's national-conservative government threatened to turn "all ...
This autumn's Brazilian presidential election offers a glimpse of how 21st century populist leaders are using religion to enthuse their ...
algiers, algeria - Wildfires raging in the forests of eastern Algeria have killed at least 37 people and wounded 161 ...
Manchester City defender Benjamin Mendy is on trial for several counts of alleged sexual assaultManchester City and France football star ...