The G20 finance ministers and central bank governors "strongly condemned" the war in Ukraine and expressed concern about an alarming increase in food and energy instability.

The group, which met for two days in Bali, failed to reach consensus on a number of issues and did not issue a joint final statement. The previous meeting of G-20 financial leaders in Washington in April also ended without issuing a joint communiqué.

Instead, a statement released by the Bank Indonesia on Sunday summarized the main points of discussion from several rounds of meetings held privately. In particular, the group's financial executives and central bank leaders pledged to tackle food insecurity and high prices, which continue to disproportionately affect vulnerable countries.

"Many members agreed that the recovery of the global economy has slowed and is facing a major setback as a result of Russia's war against Ukraine, which was strongly condemned, and called for an end to the war," Indonesia said in the declaration.

"One member expressed the view that the sanctions are adding to existing challenges," it said, in an apparent reference to Russia, which has denied blame for the current global economic headwinds.

All participants in the meeting, which actually included Russia and Ukraine, pledged to use all available policy tools to address the food crisis. However, there was no indication that commitments were made to prevent future sanctions against Russia related to food and key supplies.

Overall, all G-20 central banks agreed to fight inflation and adjust monetary policy to curb skyrocketing prices.