G7 finance ministers will hold talks on whether to allow the world to buy Russian oil with a price cap, a move the US says will de-escalate pressures on the energy market while reducing revenue for Moscow. Specifically, as reported by Bloomberg citing American officials, the country’s Minister of Finance Janet Yellen and her G7 […]
Tag: G7
G7: Moscow endangers the region by seizing the Zaporizhia nuclear power plant
The Group of Seven (G7) most advanced industrialized countries today accused Moscow of “endangering” the Ukrainian region around the Zaporizhia nuclear power plant, which has been seized by Russian troops, and demanded that control of the nuclear plant be returned in Ukraine. “We demand that Russia immediately return to its rightful sovereign owner, Ukraine, full […]
The G7 Foreign Ministers express their concern about China’s threatening actions
The G7 foreign ministers (Canada, France, Germany, , Italy, Japan, UK, USA and the EU High Representative). It emphasized that “there is no justification for using a visit as a pretext for aggressive military activity in the Taiwan Strait. It is normal for our countries’ parliamentarians to travel internationally. The escalating response of the People’s […]
The G7 is considering ways to impose a cap on Russia’s oil profits
The Group of Seven (G7), through which the Kremlin is financing the war against Ukraine, is considering ways to strengthen stability in the global energy market and to limit Russia’s profits from soaring energy prices. In particular, with regard to the second goal, the G7 is considering ways to block the transfer of Russian oil […]
BRICS vs. G7: The real protagonists of the new Cold War
By Kostas Raptis The realization that we are in a new Cold War is now commonplace – although the martyred Ukraine would surely dispute whether we are still entitled to call it “cold”. Be that as it may, “happy globalization” has given way to a fractured international architecture. But who are really the opposing poles […]
G7 Considers Capping Russian Oil – But Some Analysts Think It’s Impossible
The world’s seven largest economies (G7) have floated the idea of ​​a cap on Russian oil to put further pressure on the Kremlin’s ability to finance its invasion of Ukraine and try to protect consumers amid soaring energy prices , as reported by CNBC. However, the G7’s bid to cap Russian oil is not without […]
China accuses G7 of ‘sowing discord’
China today accused the G7 countries of “sowing discord” after the big industrial powers denounced the lack of transparency in Beijing’s trade practices. The G7 leaders, who met at a summit in Bavaria, used aggressive language against China in their final announcement of the three-day summit. After years of backlash over its stance on Beijing, […]
Soltz: Together we support Ukraine
The G7 conclusions were presented by Olaf Solz. Disagreements over the imposition of a ceiling on the price of Russian oil, although a reference was included in the announcement. Baton in NATO. A strong message of unity and determination against Moscow’s aggression, but also a message in favor of strengthening democratic values ​​against authoritarian tendencies, […]
M. Draghi – G7: We hope to achieve an energy ceiling result before October
Italian Prime Minister Mario Draghi addressed the energy crisis at the end of the G7 summit in Germany. “We hope to achieve a result for the energy ceiling before October. It is important that the whole debate be substantive, with a rational and not just a psychological approach,” said the Italian technocratic prime minister. “At […]
G7 – Solts: More than $ 30 billion in financial and humanitarian aid to Ukraine
Chancellor Olaf Solz does not believe that the end of the Ukraine war is near, as Russia “continues with unchanging barbarism.” He even stressed that the pressure on Moscow must be maintained and the cost of the war for the attacker must be increased. Russia must not win this war, he repeated. “We are not […]