Germany: Leaders discuss how to deal with inflation and the threat of recession

G-7 leaders discuss how to deal with rapidly rising inflation and defuse the threat of recession on the first day of their meeting in the Bavarian Alps, as well as how to keep up the pressure on Russia to invade Ukraine.

With the war raging about 1,200 kilometers (746 miles) east of Schloss Elmau, where the summit is taking place, German Chancellor and host Olaf Solz will also lead talks on tackling climate change and infrastructure and investment.

The leaders of the club of rich nations are going to discuss during the three-day summit a possible price ceiling for Russian oil, although many of the details of the complex mechanism remain unresolved.

The United Kingdom, the United States, Japan and Canada plan to introduce a ban on new gold imports from Russia, which Britain says will have a “huge impact” on President Vladimir Putin’s ability to finance the armed forces. of.

Source: Capital

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