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MNI Eurozone Inflation Insight – November 2024
Poland Pushes To Exclude Russia From G20
Poland has suggested to US officials that steps should be made to exclude Russia from the G20.
- The proposal comes as Poland has emerged as the most hawkish NATO, and EU member on Russia. Poland announced plans on the weekend to use the NATO summit on Thursday to request a NATO peacekeeping force for Ukraine. This plan was swiftly nixed by US and NATO officials as a dangerous escalation of NATO's role in the conflict.
- Polish Minister of Economic Development and Technology Piotr Nowak said: 'During the meetings with, among others, [US Commerce Secretary] Gina Raimondo, we made a proposal to exclude Russia from the G20, which was met with a positive response and approval, and the matter is to be handed over to President Biden.'
- Raimondo issued a statement saying: 'The Secretary had a good meeting with the Polish Minister Nowak. She welcomed hearing Poland’s views on a number of topics, including the operation of the G20, but did not express a position on behalf of the U.S. Government with respect to the Polish G20 proposal.'
- The G20 is a broad group that includes India, China, Brazil. Any move to exclude Russia would struggle to find unanimity but unlikely event that Russia is excluded from the G20 it is likely that Poland would be the country to take its place.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.