(Provides color, quote)

NUSA DUA, Indonesia, July 16 (Reuters) – A two-day assembly of finance ministers and central bankers from the Group of 20 main economies is predicted to conclude with no formal communique, as Russia’s warfare in Ukraine continues to divide the group, two sources aware of the matter stated.

As a substitute, Indonesian Finance Minister Sri Mulyani Indrawati, who’s internet hosting this week’s assembly on the Indonesian island of Bali, is predicted to subject a chair’s assertion summarising the occasions of the assembly, the sources stated.

Senior Western officers, together with U.S. Treasury Secretary Janet Yellen and Canadian Finance Minister Chrystia Freeland, on Friday condemned the warfare and blasted Russian officialsfor the huge financial fallout attributable to the warfare.

“We don’t anticipate a communique,” one supply stated.

Russia’s invasion of Ukraine on Feb. 24, which the Kremlin calls a “particular navy operation”, has overshadowed latest G20 conferences, together with final week’s gathering of overseas ministers.

Sri Mulyani had hoped delegates may bridge their variations over the warfare to collectively handle rising commodity costs, an escalating meals safety disaster and the spillover results on the flexibility of low-income nations to repay debt.

However that proved too tough within the present local weather, with Western nations imposing strict sanctions on Russia and accusing it of warfare crimes in Ukraine – which Moscow denies. Different G20 nations, together with like China, India and South Africa, have been extra muted of their response.

Western sources had warned earlier within the week that it could be tough to agree on a communique as a result of the physique works on the premise of consensus and Russia had blocked language about the reason for the financial downturn that has prompted the World Financial institution and Worldwide Financial Fund to downgrade their forecasts.

“The G20’s capability to behave and talk may be very strongly hindered by the warfare in Ukraine which one of many G20 members is totally accountable for,” a French finance ministry supply stated. (Reporting by Andrea Shalal; Further reporting by Leigh Thomas in Paris; Modifying by Sandra Maler and William Mallard)