Leaders of the Group of Seven (G7) most industrialized nations today pledged $ 600 billion in private and public capital over five years to fund infrastructure needed by developing countries and to counter the multi-trillion-dollar program. of China under the name “One Belt One Road”. US President Joe Biden and other G7 leaders unveiled the […]
Tag: G7
G7 to tighten sanctions on Russia, close to agreement on oil price cap
The G7 countries will today commit to a new package of coordinated actions aimed at increasing pressure on Russia over the war in Ukraine and finalize plans for a price ceiling on Russian oil, a senior US official said today. . The announcement came after news that Russia appears to be heading for its first […]
Zelensky at G7: ‘Enhance sanctions against Russia, no time for negotiations’
LAST UPDATE: 16.45 Ukrainian President Volodymyr Zelensky today called on the Group of Seven (G7) to step up sanctions against Russia by “limiting oil prices” exported by Moscow. “For us, a reasonably consistent position of the G7 countries in terms of sanctions is important. They need to be further strengthened by reducing the prices of […]
Rising oil prices ahead of G7 talks on Russian exports
Oil prices are on the rise as investors remain vigilant about any moves against Russian gas and oil exports that could emerge from the G7 leaders’ meeting in Germany. The prospect of tighter oil supplies remains above the market as Western governments look for ways to reduce Russia’s ability to finance its war in Ukraine, […]
Draghi: The energy crisis should not cause a return to populism
Italian Prime Minister Mario Draghi, during the G7 operations in Germany, referred to the economic consequences of the war in Ukraine. “We must avoid the mistakes we made after the 2008 crisis. The energy crisis must not lead to a return to populism,” he said. “We have the tools to achieve this: we need to […]
These are the seven biggest problems of the G7 summit in Germany
The start of the G7 Summit could not have gone better for Olaf Solz (SPD). Contrary to what the meteorological service announced a few days ago, the sky was clear over Schloss Elmau, a luxury hotel in the Bavarian Alps, Handelsblatt reports. The Chancellor had the opportunity to receive the Heads of State and Government […]
G7: $ 600 billion investment program in developing countries to combat Chinese influence
The G7 is launching a huge $ 600 billion investment program for developing countries at the initiative of the United States to respond to the huge projects funded by China there. The details of the investment program are still unclear. “Together with the G7 partners, we aim to mobilize $ 600 billion by 2027 for […]
Bloomberg: G7 pledges indefinite support for Ukraine
The leaders of the Group of Seven will pledge to provide indefinite support to Ukraine in its defense against the Russian invasion, according to a draft joint statement of the Summit in Bavaria. “We will continue to provide financial, humanitarian, military and diplomatic support and will stand by Ukraine for as long as necessary,” the […]
Deutsche Welle-G7: Determination and unity towards Russia
Work on the German-chaired G7 summit has begun in Elmau, Bavaria. “Good morning” sanctions on Russia, with the US announcing an embargo on Russian gold. In the heart of the Bavarian Alps, in the idyllic Elmau tower, the crucial summit of the G7, the seven most powerful industrialized countries, began with great expectations. “Our goal […]
Soltz: G7 leaders worried about a global financial crisis
LAST UPDATE: 17:18 All G7 leaders are worried about an impending economic crisis as growth slows and inflation jumps, German Chancellor Olaf Solz said after a working meeting on the global economy at this year’s annual G7 summit, according to Reuters. “All members are concerned about the crisis we are facing – declining growth rates […]