G-20 summit: PM Modi Emphasizes India’s Need For Energy Security, Calls For A Cease-Fire In Ukraine

| Updated: November 15, 2022 3:16 pm

The Russian-Ukrainian war should be put on hold, Prime Minister Narendra Modi said at the G-20 summit in Indonesia on Tuesday. He also emphasized the need to avoid advocating any restrictions on the supply of energy.

“I’ve emphasized numerous times that we need to find a way to get Ukraine back on the path of a ceasefire and diplomacy. The Second World War wreaked havoc on the world over the last century, he claimed. “After that, the leaders of that time made a serious effort to take the path of peace.” Now it’s our turn. “The onus of creating a new world order for the post-Covid period lies on our shoulders,” he noted.

Following this year’s summit, India will take over the G-20 presidency for a year. In this regard, PM Modi urged all nations to demonstrate “concrete and collective resolve” in order to maintain global peace, harmony, and security. We will all agree to send a strong message of peace to the world, he said, when the G20 meets in the sacred territory of Gandhi and Buddha the following year.

The Covid-19 pandemic, the developments in Ukraine, and the global issues they have sparked have caused havoc in the world as the global supply chains are in “ruins,” according to Modi, who arrived in Bali late on Monday. He said that the rise in prices of essential commodities has affected people worldwide. “There is a crisis of essentials and essential goods all over the world,” he said, adding that the challenge for poor citizens of every country has become more severe. “Everyday life was already a struggle for them,” he said.

PM Modi stressed the significance of energy security during the meeting that was attended by Western leaders like French President Emmanuel Macron and US President Joe Biden.

As the world’s fastest-growing economy, India’s energy security is crucial for global development.  Energy supply restrictions must not be supported, and market stability must be guaranteed, according to PM Modi. India has faced criticism from Western allies for its decision to purchase Russian oil, which has been boycotted by several nations since Moscow’s invasion of Ukraine in February this year.

Russian President Vladimir Putin was conspicuously absent from the summit, with foreign minister Sergey Lavrov representing Putin at the Indonesian session.

Additionally, PM Modi reaffirmed India’s dedication to the environment and clean energy. “By 2030, renewable energy sources will produce half of our nation’s electricity. For an inclusive energy transition, he said, timely, cost-effective financing and sustainable technology supply to developing nations are essential.

Speaking of the UN and G20, he said: “We should not hesitate to acknowledge that multilateral institutions like the UN have failed to address global challenges.” He continued, “The relevance of our group has increased significantly, and the world today has higher expectations from the G-20.”

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