Russian Finance Minister at the center of budget and energy policy
Russia's finance minister has attended G20 finance talks in Asheville for the first in-person time since 2022. US Treasury Secretary Scott Bessent has met him and told him that no sanctions relief or economic agreements are possible while the war in Ukraine continues. European officials have refused to treat Russia as a normal participant and skipped a group photo with him.
The G20 finance talks have focused on China and the broader impact of U.S. tariffs, with officials arguing that non-market economies are shaping global growth. Treasury Secretary Bessent has warned that tariffs will redirect Chinese goods to other markets, while other leaders call for balance and guardrails on AI regulation.
Energy ministers and key delegates from G20 nations, including Canada and Saudi Arabia, gather in Houston for discussions on energy security as gas storage in Europe strains ahead of winter. Russia’s attendance has stirred debate amid ongoing tensions over Ukraine and Iran, with US officials highlighting the need for affordable, reliable energy.