G7 summit kicks off in Germany — Analysis

Leaders of the Group of Seven countries will talk about their responses to the Russia-Ukraine Conflict and the energy crisis.

G7 leaders will meet in Germany to discuss a three day summit. The focus of this meeting is likely to be the Russia-Ukraine war. Additional sanctions on Moscow, possible diplomatic solutions, and whether to put price caps on Russian oil are set to be on the agenda.

G7 is made up of the United States, Canada, Britain and France. EU officials usually participate in the group’s events as well. 

The meeting is the first since Russia began its military campaign against Ukraine late February. The G7 members have subsequently imposed sweeping sanctions on Moscow and many are supplying weapons to Kiev, including missile launchers and other heavy weaponry.

They are likely to work together to increase pressure on Russia as well as provide assistance for Ukraine. Prior to the current gathering, US Secretary of State Antony Blinken announced that Washington will continue to discuss “diplomatic strategies”With Ukraine and other countries.

British Prime Minister Boris Johnson, meanwhile, urged the G7 and NATO not to push Ukraine to “settle for a bad peace,”These would lead to Russia making territorial concessions.

G7 denies sanctions are causing global food crisis

Politico Magazine recently reported on the fact that Western countries are increasingly becoming “liberal.” “increasingly frustrated”Petrol prices have increased due to bans on Russian oil. Janet Yellen (US Treasury Secretary) proposed a price cap for Moscow’s oil in order to reduce Russia’s profits and curb the rise in prices. According to the magazine, this proposal was on the G7’s agenda.

Vladimir Putin, the Russian president blamed global inflation for the rise in the eve of the summit “irresponsible”The economic policies of the G7 members.

Aside from Ukraine conflict, Reuters reports citing US sources, G7 is also set to address China’s “Coercive economic practices” 

While Moscow and Beijing are likely to take central stage in the discussions of the G7 leaders, global climate challenges are also expected to get their fair share of attention.

“We want to work together to combat global warming, achieve industrial transformation towards carbon neutrality and still have good jobs all over the world,” Olaf Scholz, the German Chancellor, spoke before the gathering.

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