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Finance Minister Nirmala Sitharaman met her Russian counterpart Anton Siluanov on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting in Asheville, the United States, on 31 August 2026. The two discussed strengthening bilateral cooperation and the establishment of a Shanghai Cooperation Organisation Development Bank, besides exploring ways to strengthen the New Development Bank and the Asian Infrastructure Investment Bank as multilateral development institutions. The Finance Ministry said the meeting also covered regional and global economic developments and issues of shared interest in the multilateral sphere. Mr Siluanov's presence marked the first in person participation of a Russian finance minister at a G20 meeting hosted in the United States since Russia joined only by video link in April 2022.