Many countries in the Group of 20 (G20) major economies condemned Russia's invasion of Ukraine and called for it to end the war during ministerial talks in Indonesia, the host said in its closing statement.
Thee official G20 finance ministers summit ended on July 16 without a final communique, as differences on how to characterize and respond to Russia's invasion of Ukraine prevented unanimity within the group.
But Western countries pressed Russia over the military assault, accusing Moscow of sending a shock wave through the global economy and its technocrats of complicity in alleged war crimes committed during the invasion.
"Many members agreed that the recovery of the global economy has slowed and is facing a major setback as a result of Russia's war against Ukraine, which was strongly condemned, and called for an end to the war," Indonesia said in the declaration on July 17.
Earlier, U.S. Treasury Secretary Janet Yellen said G20 finance chiefs had productive talks in Indonesia about a proposal to cap the prices countries would pay for Russian oil.
SEE ALSO: Yellen Touts Progress On Russian Oil Price Cap, But Summit Of G20 Finance Chiefs Ends Without CommuniqueInstead of a formal communique, a 14-paragraph statement would be issued by Indonesia, according to Indonesian Finance Minister Sri Mulyani Indrawati, the host of the formal event.
She said there was consensus on most of the document but that two paragraphs would focus on members' differences regarding the war's impacts and the next steps to take.
Yellen, meanwhile, said progress was made on a potential cap on Russian oil prices in talks on the sidelines of the summit.
"On energy costs, I had productive bilateral meetings with over a half-dozen of my counterparts where we discussed the merits of a price cap and how it can help us achieve our goals of denying [Russian President Vladimir] Putin revenue for his war machine, while dampening energy costs," Yellen told reporters.
A price cap would be "our most powerful tools to address the high prices people are facing in America and around the world," she said.
Russian Deputy Finance Minister Timur Maksimov attended the talks in person. A week earlier, Foreign Minister Sergei Lavrov walked out of a G20 meeting over Western criticism of the invasion.
Maksimov was in the room as Western officials expressed their condemnation, a source at the event told AFP.
Ukrainian Finance Minister Serhiy Marchenko participated virtually in the meeting.