Coin Press - US draws European pushback with Russia G20 finance invite

Russian finance minister Anton Siluanov made an unexpected appearance as talks opened Monday.

But his in-person attendance, after Russia's 2022 invasion of Ukraine, has prompted frustration from European leaders who have sought to isolate Moscow on the world stage.

Finance ministers and central bank governors from the Group of 20 major economies are meeting for two days in Asheville, North Carolina.

With the United States holding the rotating G20 presidency, Washington is trying to rally partners towards greater economic pressure on Iran and find ways to boost growth.

"We are going to continue exerting pressure, and we've had very good discussions here already," Bessent told reporters Monday, a day after renewed exchanges of fire with Tehran.

The European Union urged "continued diplomatic efforts" to reach a peace settlement. It welcomed efforts aimed at ensuring that Iran ceases "destabilizing activities and engages in peace negotiations," including through US-led economic pressure.

- 'Troubling' signal -

German Finance Minister Lars Klingbeil told reporters he would have preferred a clear position from Washington that Siluanov was not being received like a regular guest.

"Receiving the Russian finance minister here sends a signal I find troubling," Klingbeil said, adding that he made it clear he would not stand with Siluanov for a joint photo.

The European Union's common position is not to appear in picture with the Russian finance minister.

White House spokesman Kush Desai told AFP that the Trump administration has been working with Russia to push for a deal that "would stop the endless bloodshed that the president has really condemned."

"The president and the administration will never shy away from talking with the folks we need to talk to, to further that," he said.

The G20 comprises 19 nations plus the EU and the African Union. It was established in the wake of the 1997-1998 Asian financial crisis to boost global economic and financial stability.

- 'Ready to discuss' -

Also weighing on the talks are Trump's trade wars, notably the recent tit-for-tat flareup with Canada, while observers monitor if the G20 can still work together to address big economic challenges.

Analysts warn that the US-Canada trade fight impacts unity among the Group of Seven advanced economies as they head into talks in the wider grouping.

G7 finance ministers are also meeting on the margins of the Asheville talks.

"Canada has always been at the table and constructive, ready to discuss," Finance Minister Francois-Philippe Champagne told reporters Monday.

He stressed the need to ensure continued economic growth and "bring back some stability in trade, which will benefit all the countries represented here today."

Bessent skipped last year's meeting led by South Africa, which has been excluded from the group by the US.

Instead, US officials invited Poland to the table, although it is not a permanent G20 member.

EU economy chief Valdis Dombrovskis said G7 talks will discuss continuing support for Ukraine, besides the Middle East conflict.

Beyond promoting economic growth, US priorities this year include dealing with "global imbalances" and sovereign debt challenges.

Meanwhile, certain reporters from major US newsrooms, including The New York Times and Bloomberg News, were not granted credentials to cover the gathering.

The decision was condemned by the National Press Club, which said "no administration should be allowed to handpick the press corps that scrutinizes it."

A Treasury spokesperson said it planned to welcome nearly 300 media representatives from around a dozen countries.

All eyes will be on bilateral meetings on the sidelines of the gathering, where Bessent is set to make direct appeals to counterparts on Iran. Bessent met with Siluanov bilaterally too.

Business leaders including JPMorgan Chief Executive Jamie Dimon are also present at G20 discussions this year.

U.Ndiaye--CPN