Ukraine war briefing: Moscow’s Lavrov snubbed at G20 in Atlanta

Russian foreign minister Sergei Lavrov was snubbed at the G20 meeting in Atlanta, where he was heavily criticised by the EU's foreign policy chief. This development is significant for markets as it reflects the ongoing tensions between Russia and the West, particularly over the Ukraine conflict. The criticism from the EU's foreign policy chief suggests that Russia's stance on the conflict is not being taken seriously, which could have implications for global trade and economic relations. The situation remains uncertain, with potential consequences for international diplomacy and cooperation.

Why it matters

Russia's foreign minister was snubbed at the G20 meeting, indicating increased diplomatic pressure on Russia. This could lead to further economic sanctions and isolation, negatively impacting Russian assets.

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