The Group of 20 includes Western countries that have accused Moscow of war crimes in Ukraine and rolled out sanctions, but also countries like China, Indonesia, India and South Africa that have not followed suit.
Foreign Minister Penny Wong will represent Austrlia at the meeting.
The gathering will be the first time that foreign ministers from some of the world's top economies meet Russian Foreign Minister Sergei Lavrov since Russia invaded Ukraine in February.
Speaking ahead of the G20 meeting that runs from Thursday to Friday, German foreign ministry spokesperson Christian Wagner said it would not be a "normal summit" nor "business as usual".
Germany holds the presidency of the Group of Seven industrialised nations and would coordinate in Bali over how to respond to Lavrov in light of the war in Ukraine, he said.
Top officials from Britain, Canada and the United States walked out on Russian representatives during a G20 finance meeting in Washington in April.
US Secretary of State Antony Blinken would be an active participant at the meeting while "also staying true to another over-riding objective, and that is the fact that it cannot be business as usual with the Russian Federation", a US state department spokesperson said.
Blinken will meet Chinese Foreign Minister Wang Yi in Bali, but no meeting is expected with Lavrov.
As G20 chair this year, Indonesia has been caught at the centre of a geopolitical storm over the war, attempting to head off threats by Western countries to boycott meetings. After the foreign ministers' meeting, G20 finance ministers are scheduled to meet next week, also in Bali.
Trying to leverage Indonesia's neutrality, President Joko Widodo embarked on an ambitious peace-brokering mission last week, visiting Kyiv and Moscow to meet Ukrainian President Volodymyr Zelenskiy and Russian President Vladimir Putin.
The president, who is widely known as Jokowi, has invited Ukraine to the G20 this year, attempted to convince Russia to end a blockade on grain exports that is driving a global food crisis, and offered up Indonesia as a "diplomatic bridge" between the nations.
Ukraine's ambassador to Indonesia Vasyl Hamianin said his country's foreign minister would give a virtual address at the Bali meeting.
Despite early talk of snubbing some G20 meetings, Western leaders ultimately decided that ceding the floor to Russia would be counter-productive, said Max Bergmann, a Russia and Europe expert and a former senior US State Department official.
"If you don't show up, and then the Russians have the floor with some really critical countries like Indonesia, India, and others, then they're making their arguments unopposed," said Bergmann.
Ramin Toloui, US assistant secretary of state for economic and business affairs, said on Tuesday that food and energy would feature prominently at the meeting.
"G20 countries should hold Russia accountable and insist that it support ongoing UN efforts to reopen the sea lanes for grain delivery," he said.
During a trip to Vietnam on Wednesday, Russia's Lavrov called on all parties in the world to make efforts to protect international laws as "the world is evolving in a complicated manner."
His comments ahead of his arrival in Bali come as Russia has been accused by Western countries of breaching international law through its invasion of Ukraine, which Moscow calls a "special operation".
