Asheville: G20 finance leaders concluded their two-day meeting with a statement that received near-unanimous support, except for China. The gathering, held in Asheville, North Carolina, saw discussions overshadowed by Russia's participation and geopolitical tensions involving the Middle East and US economic policies.

According to France24.com, US Treasury Secretary Scott Bessent emphasized that the consensus on the final statement was not affected by the presence of Russian Finance Minister Anton Siluanov. However, European allies expressed dissatisfaction over Siluanov's attendance, highlighting the ongoing conflict in Ukraine as a point of contention. EU officials voiced concerns about engaging with representatives from a nation involved in aggressive military actions.

The meeting also addressed issues such as free navigation through the Strait of Hormuz, a statement China did not support. The region remains tense following US-Israeli military actions against Iran. A group photo of G20 participants was taken without Siluanov, in response to European protests.

German accusations against Russia for a recent drone incident at a German airport further strained relations. The US, holding the G20 presidency, aimed to garner support for sanctions on Iran and address trade imbalances. Bessent highlighted the importance of dialogue despite tensions, stating that some discussions are best held privately.

China's objection to statements on global economic imbalances was also notable. Critics argue that China's industrial capacity leads to unfair competition and market distortions. Canadian Finance Minister Fran§ois-Philippe Champagne stressed the need for collective action to address these imbalances.

The G20, comprising major global economies and the EU, aims to enhance economic stability. The finance discussions set the stage for a leaders' summit, scheduled for December in Miami, where further support for Ukraine will be a key topic. The situation in Ukraine remains critical, with increased Russian attacks and ongoing diplomatic challenges. European ministers reiterated their support for Kyiv, seeking a resolution to the conflict.