In brief
At a G20 foreign ministers’ meeting in Atlanta on Nov. 1, Turkish FM Hakan Fidan urged Russia and Ukraine to make major sacrifices for peace, warning that the nearly five‑year war has harmed the world economy and could trigger a broader regional conflict. He cited the Strait of Hormuz closure and disrupted Black Sea grain trade as key economic crises. A separate brief from Daily World News further stressed the need to reopen the Strait of Hormuz and reject military escalation.
On Nov. 1, Turkish Foreign Minister Hakan Fidan addressed the G20 foreign‑ministers’ meeting in Atlanta and called on Russia and Ukraine to make significant sacrifices in order to reach a lasting peace, saying that the war had been unsustainable and posed a threat of a wider regional conflict.
Speaking to Anadolu and Turkish broadcaster TRT, Fidan warned that the war had inflicted heavy economic damage across the globe, stressing that the economic and social costs were becoming increasingly impossible to ignore, especially for European nations.
Hakan Fidan said:
These wars are no longer sustainable. Therefore, Russia and Ukraine must reach an agreement that entails significant sacrifices.
Fidan emphasized that the closure of the Strait of Hormuz had further compounded the economic fallout, disrupting energy supplies and international trade and making it difficult to calculate the full financial impact of the war on the global economy.
He also pointed to the blockade of commercial shipping in the Black Sea, noting that shipments of Russian and Ukrainian grain and energy were struggling to reach international markets and that food security was “an incredibly problematic issue that needs to be brought to a halt as soon as possible.”
In a brief circulated 24 hours earlier, Daily World News Briefings reported that Fidan urged the immediate reopening of the Strait of Hormuz and rejected any military action, warning of the heavy toll on global markets and the potential for a wider conflict (unverified).
