According to some recent news articles, Indonesia has been conducting a diplomatic blitz to persuade the US and other Western leaders to attend the summit, despite their boycott threats over Russia’s involvement in Ukraine. Indonesia’s foreign minister said that they respect the sovereignty and territorial integrity of Ukraine, but they also want to maintain dialogue and cooperation with Russia as a G20 member.
And it seems that Indonesia’s efforts have paid off, as some Western leaders have signaled confirmation of their attendance at the summit.
https://www.voanews.com/a/following-indonesia-s-diplomatic-blitz-western-leaders-say-they-ll-attend-g-20-bali-summit-/6640915.htmlHowever, the situation is still tense and unpredictable, so Indonesia will have to balance its role as a host and a mediator between the conflicting parties.
It is difficult to be a mediator between the Ukraine vs Russia war because both countries are trying hard to protect their respective interests, not only Indonesia has tried to be a mediator but Arab countries have tried several times to mediate the Ukraine vs Russia war but have always failed.
Based on several news articles I read, the world economy has lost $1.6 trillion since the war between the two countries began.
I am sure that even several summits will not be able to reduce tensions between the two countries, each country in the world is obliged to be on full alert and make maximum efforts to protect their economy.