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Added on the 08/06/2022 20:17:03 - Copyright : France 24 EN
During the concluding G20 Finance ministers' press conference in Bangaluru, the secretary in charge of the Indian Department of Economic affairs, Ajay Seth, says that "all 18 countries felt that the war has got implications on the global economy" and needed to be mentioned. Only China and Russia did not want to sign up to the wording on Ukraine. G20 host India has also refused to condemn Russia, which is New Delhi's biggest arms supplier and has become a major source of oil for India since the invasion. SOUNDBITE
The world's economic outlook is "much more pessimistic" as a result of the war in Ukraine, warns Secretary-General Mathias Cormann, as the OECD slashes its 2022 growth forecast and projects higher inflation. SOUNDBITE
The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
Redoubling support for war-stricken Ukraine is the "single best" way to aid the global economy, US Treasury Secretary Janet Yellen says on the sidelines of a G20 finance minister summit in India. SOUNDBITE
French President Emmanuel Macron welcomes Ukrainian Prime Minister Denys Shmyhal to the Élysée Palace. The international community, meeting in Paris, is once again mobilising in support of Ukraine. IMAGES
The European Commission President, Ursula von der Leyen, sets out new sanctions to be imposed on Russia, including a cap on the price of Russian oil and new restrictions on the import of goods to the country worth 7 billion euros. SOUNDBITE