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  • Writer's pictureBy The Financial District

APEC Leaders Blast Russian Invasion, Seek Open Trade

Leaders from around the Asia-Pacific called for an end to Russia’s war on Ukraine and vowed to steer the region’s economies toward sustainable growth as they wrapped up summit meetings, Krutirutika Pathi, Chisato Tanaka and Chalida Ekvitthayavechnukul reported for the Associated Press (AP).

Photo Insert: The leaders’ statement said most members had strongly condemned the war in Ukraine.

Host Thailand garnered a diplomatic coup in managing to bridge divisions among the 21 members of the Asia-Pacific Economic Cooperation (APEC) forum by saying that most members had condemned the war.

Russia is an APEC member, as is China, which generally has refrained from criticizing Moscow.

The declaration issued by APEC leaders acknowledged differing views on the war and said the forum, which is devoted largely to promoting trade and closer economic ties, was not a venue for resolving such conflicts.

But it noted that the conflict and other security issues “can have significant consequences for the global economy.”

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The leaders’ statement said most members had strongly condemned the war in Ukraine, stressing that it is causing immense human suffering and worsening inflation, supply chain troubles, food insecurity and financial risks.

Like a statement issued by the Group of 20 leading economies in Bali, Indonesia, earlier this week, it echoed the wording of a March 2 United Nations General Assembly resolution that “deplores in the strongest terms the aggression by the Russian Federation against Ukraine and demands its complete and unconditional withdrawal from the territory of Ukraine.”

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