G20 remains important despite Russia, China's absence: German chancellor

German Chancellor Olaf Scholz said the upcoming G20 summit in India remains important despite the absence of Russia and China, in an interview with German radio station Deutschlandfunk released late on Friday.

Also read: Russia warns of blocking G20 declaration if its views are ignored

The G20 still has an important contribution to make and a "big damn obligation" to fulfil, said Scholz, particularly as BRICS - a grouping of the world economies of Brazil, Russia, India, China and South Africa - grows in significance.

Also read: 45k personnel, blue safari suits in G20 security plan

Scholz, the leader of Germany's Social Democratic Party (SPD), also said countries with a colonial history had a responsibility to enable development in former colonies.

The chancellor offered to help former colonies exploit and process their natural resources in what he called “fair partnerships.”

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.