[Berlin / Washington, 23rd Reuters]–The seven major countries (G7) aim to show long-term support and unity for Ukraine in the fight against the Russian invasion at a summit meeting in Germany on 26th-28th. The Western determination is being tested as the impact of the war on the world economy spreads.
The meeting is expected to discuss how to tighten the squeeze on the Russian government. However, as the war enters its fifth month, it is expected to be cautious about sanctions that could further worsen the outlook for the world economy. The effects of the war have already caused food and energy shortages, causing inflation and hunger.
Rising prices have been particularly devastating to developing countries in the Southern Hemisphere, which were already in dire straits due to the spread of the new coronavirus infection and climate change.
German Prime Minister Vladimir Putin said in a parliamentary speech on the 22nd, “World democracy not only in the fight against Putin’s imperialism, but also in the fight against hunger, poverty, health crisis and climate change. He emphasized that he must show that “there is a country together.” He warned that Russia and China would benefit if the West did not show solidarity with developing countries in the Southern Hemisphere.