Russia, China water down G20 text on geopolitical tensions

  • Ukraine crisis overshadows G20 meeting ending Friday
  • G20 deletes “current” tensions reference amid Russian objections
  • Canadian minister warns Russia not to invade Ukraine-sources China resists haircuts on poor country debt sources say
  • G20 finance chiefs pledge global tax deal to take effect in 2023

JAKARTA/WASHINGTON, Feb 18 (Reuters) – Russia and China watered down a G20 finance leaders’ statementon geopolitical risks to the global economy as a contentious meeting endedon Friday, deleting a reference to “current” tensions as financial markets fretted over the prospect of war in Ukraine.

The gathering of finance ministers and central bank governors from the Group of 20 major economies was one of the most fractious since the start of the COVID-19 pandemic in 2020, according to people familiar with the discussions.

Canadian Finance Minister Chrystia Freeland strayed from the G20 economic script to issue an impassioned plea to her Russian counterparts to not…

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