French President Emmanuel Macron has said he supported the idea of a cap on Russian oil prices at the G7 summit, as he felt that some were making money from the Russian invasion of Ukraine, which has pushed up energy prices. “Some producers and speculators make a lot of money from the war,” Macron said. […]
Tag: G7
G7: How they plan to impose a ceiling on the price of Russian oil – What they decided on the food crisis, energy, climate
The leaders of the seven traditional industrial powers of the planet (G7) held their annual, three-day Summit in the Bavarian Alps in southern Germany, which ended at noon on Tuesday. According to the final statement issued jointly by the United States, the United Kingdom, France, Germany, Japan, Italy and Canada are considering imposing a cap […]
G7: Up to $ 5 billion for global food security
The Group of Seven (G7) most industrialized countries in the world will commit to providing up to $ 5 billion to improve global food security, a senior US official said today, responding to growing consumer concerns. war in Ukraine. In a statement issued today, the last day of the G7 summit in Germany, the US […]
G7 leaders agree to study pricing on Russian energy
Leaders of the Group of Seven (G7) most developed industrialized nations have agreed to consider imposing ceilings on Russian oil and gas import prices in a bid to limit Moscow’s ability to finance its invasion of Ukraine, G7 officials said today. The European Union will explore with international partners ways to reduce energy prices, including […]
Complete shutdown of Russian gas pipelines to Europe ‘not unthinkable’
The G7 countries must prepare for the complete cessation of Russian gas pipelines in the near future, and this could have serious consequences for Europe’s economy, a CNBC analyst has warned. “The G7 needs to prepare for a gas cut. The G7 could face an oil cut. There are other supplies that could be secured […]
G7: Mandate for the Ministry of Foreign Affairs to consider a price ceiling for Russian gas
The leaders of the Group of Seven (G7) are going to order their ministers to investigate the application of a price ceiling on Russian gas, Bloomberg reports, citing people familiar with the discussions. The mandate is expected to be announced as the three-day summit ends on Tuesday. It comes as part of broader discussions about […]
Ol. Soltz: Western-Russian relations cannot go back to the pre-war era
“Western relations with Russia cannot go back to the time before the Russian invasion of Ukraine,” said Chancellor Olaf Soltz. changing borders by force. “We need to see how the world changes in the future,” Soltz said in a video message from the G7 summit in Upper Bavaria yesterday, assuring that all G7 countries were […]
Sources G7: US wants to provide Ukraine with advanced surface-to-air missiles
The United States plans to provide Ukraine with an advanced “medium and long-range” surface-to-air missile system, a source familiar with the case said today. “It is possible that the United States will announce the purchase of a NASAMS (National Advanced Surface-to-Air Missile System) system for Ukraine this week,” the source said. The NASAMS surface-to-air missile […]
German Press: The G7 in Elmau, Putin bombs
The German press comments on the Summit of the seven most powerful industrialized countries in Elmau, Bavaria. Heavy agenda and ambitions but also criticism. The West, led by the United States and Germany, wanted to send a message of “unity and determination” from Bavaria and the G7 summit in Bavaria yesterday, while US President Joe […]
G7: We will stand by Ukraine for as long as necessary (upd)
LAST UPDATE: 14.20 G7 leaders on Monday vowed to support Ukraine “for as long as necessary”, stepping up sanctions against Russia and backing security commitments to Kyiv as part of a post-war settlement, Reuters reported. “We will continue to provide financial, humanitarian, military and diplomatic support and will stand by Ukraine as long as necessary,” […]