Prime Minister Olaf Germany’s Scholz welcomes leaders from Britain, Canada, France, Italy, Japan and the United States to the G7 summit. This year has been tougher than the year before when the leaders first met after the coronavirus pandemic, and they pledged to restore the country for the better. But this year, oil and food prices are rising around the world. Damage to economic growth as a result of the Russian invasion of Ukraine
The United Nations on Friday warned of an unprecedented global hunger crisis. This round of meetings is an opportunity for G7 leaders to Show your strength to support Ukraine as long as necessary. and increasing pressure on the Kremlin government. Even if they do not want the sanctions that cause high inflation to aggravate the cost of living crisis that affects their own people.
“Main substance from G7 is unity and act together even in difficult times We are committed to our partners,” an EU official told Reuters.
Another group source revealed the G7 alliance. Prepare to approve the ban on the import of gold from Russia Later, a source from the German government added: The leaders discussed constructively the possibility of controlling the price of Russian oil imports. Including an alternative solution to the problem of high energy prices every now and then Gas and oil imports from other sources to replace Russia
G7 Leaders Meeting The round takes place at Schloss Elmau, at the foot of Germany’s highest mountain Zugspitze. The same place as the 2015 conference when Germany was last hosted. At the time, Russia and Ukraine were the main focus of the meeting. Because it was held a year after the Russian invasion of Crimea.
The meeting was also an opportunity for the German Chancellor as the host to show more leadership in the Ukraine crisis. He pledged to revolutionize foreign and defense policy following Russia’s February invasion of Ukraine, promising to use 100 billion euros in funds to boost military capabilities and send weapons to help Ukraine.
The G7 was founded in 1975 as a platform for the wealthiest countries to discuss crises, such as OPEC not selling oil. later became the G8 When Russia became a member six years after the collapse of the Soviet Union Membership was subsequently suspended in 2014 from Ukraine’s annexation of Crimea.
Even the cooperation of the G7 leaders It was satisfying to face Russia’s unprecedented toughness. This is in line with the promises made at last year’s meeting that the G7 will strengthen the alliance But this year’s crisis is even more severe.
However, CNN news agency stated that Can’t blame President Vladimir All Russia’s Putin But his war in Ukraine was unjustified. It is related to the many crises that are currently brewing. If there is no war in Ukraine, problems would be easier to fix and less impact
The lack of food in the world can be said that some It was a result of global supply chain problems after the Covid-19 outbreak, but Russia’s theft of wheat from Ukraine. Blocking Ukrainian freight on the Black Sea, causing wheat and other agricultural commodities Ukraine’s exposure to the world market has not had a major impact.
According to the United Nations agency Ukraine normally exports 40% of the world’s wheat, 16% of corn and 40% of sunflower oil.
The International Rescue Commission (IRC), a global non-governmental organization. It said recently that 98 percent of Ukraine’s grain and wheat exports were blocked, while world food prices soared 41 percent, with 47 million more people expected to experience acute starvation this year.
Ukrainian wheat and grains have been exported to some of the world’s most wanted countries, such as Libya, Lebanon, Yemen, Somalia, Kenya, Eritrea and Ethiopia. to fix the G7 situation It was necessary to make President Putin reduce his war goals, such as ending the conflict. Let Ukraine return to control the whole Donbas region. But so far there is no indication that the situation is approaching.
One measure that came out yesterday (June 26) is a joint measure between Britain, Canada, Japan and the United States, the four G7 powers. Preparing to ban the import of Russian gold It hopes to stop the rulers from selling the precious metal to avoid the impact of the Moscow government sanctions.
Prime Minister Boris Britain’s Johnson said the joint action would directly affect the Russian rulers. and strikes the heart of President Putin’s war mechanism. Because London plays an important role in the international gold trade. Coupled with the actions of the United States, Japan and Canada, “this measure will reach the world. Officially blocking Russian gold into the international market.”
Gold, a key commodity in times of volatility It is an important export product of Russia by 2021 with a value of $15.5 billion. But now, when Russia is subject to severe sanctions. Billionaires have been selling other assets, turning to gold to avoid the impact of financial restrictions, on March 7 the London bullion market announced six Russian gold smelters will not be sacrificed.
The latest attitude from the four G7 superpowers It came after Russia attacked Kiev for the first time in nearly three weeks. Attacking the residential area from the early morning
The mayor of Kiev, Vitaly Klitschko, said after inspecting one of the attacked apartments: Some residents evacuated staff. Two injured residents were taken to hospital. Many are still under the rubble.
The city of Severo Donetsk important industrial center The mayor announced on Saturday (June 25) that it had all been seized by Russian troops.
After the G7 Summit There will be a North Atlantic Treaty Organization (NATO) leadership meeting, where the war in Ukraine will remain a major global focus. Because regardless of the outcome of the meeting, it will certainly affect the global economy.
