g7
Rome (AFP) - The G7 countries pledged support for Ukraine and new sanctions on Russia after a virtual meeting Saturday on the second anniversary of Moscow's invasion. In a statement after the meeting, which Ukrainian President Volodymyr Zelensky also attended, the leaders vowed to "raise the cost" of Russia's war on Ukraine. The G7 leaders didn't make any public statement about further military aid to Ukraine, but urged "the approval of additional support to close Ukraine's remaining budget gap for 2024". "We will continue to raise the cost of Russia's war, degrade Russia's sources of revenue ...
AFP
Tokyo (AFP) - US Secretary of State Antony Blinken called Tuesday on the G7 to speak "in a clear voice" about the Israel-Hamas war as he kicked off talks with fellow foreign ministers from the grouping in Japan. "This is a very important moment... for the G7 to come together in the face of this crisis and speak as we do in one clear voice," Blinken said at the start of the two-day meeting in Tokyo. The Israeli military has relentlessly bombarded Gaza since October 7, when Hamas militants launched an attack that left 1,400 dead in Israel, most of them civilians, according to Israeli authorities...
AFP
London (AFP) - When the West rolled out its unprecedented price cap on Russian oil late last year, it hoped to starve Moscow of much-needed revenue while minimising the impact on other countries. Eight months on, it is seen in Western capitals as a successful part of the squeeze on Russian President Vladimir Putin, but a policy that has yet to be properly tested, according to energy analysts. With oil prices on the rise after months in the doldrums, the cap's impact -- and limits -- could now come into clearer focus. "We also know, like with all of our measures, Russia will attempt to evade t...
AFP
Hiroshima (Japan) (AFP) - Ukrainian President Volodymyr Zelensky wrapped up a triumphant diplomatic offensive in Hiroshima on Sunday, heading home bearing new arms, munitions and the "unwavering" diplomatic support of G7 allies. He leveraged the powerful symbolism of Hiroshima, synonymous with the horrors of war, to press partners and sceptics alike to back his defence against Russia's 15-month onslaught. The need for his bold diplomatic gambit in Japan was underscored by setbacks on the ground back home, where Russia claimed to have taken control of the eastern city of Bakhmut after months of...
AFP
Hiroshima (Japan) (AFP) - The sight of a tired-looking top White House domestic policy adviser in a Hiroshima hotel said it all: President Joe Biden may be on the other side of the world but his political fight back home over the debt ceiling has followed him. Bruce Reed, spotted in a tracksuit having a late breakfast at the luxury hotel where Biden was staying during the G7 summit, is the White House deputy chief of staff with a focus on issues inside the United States. Instead, for the last two days he has trailed the 80-year-old Democratic president around this southern Japanese city, "upda...
AFP
Hiroshima (Japan) (AFP) - Ukrainian President Volodymyr Zelensky is poised for a first post-invasion trip to the Asia-Pacific, meeting allies at a G7 summit in Hiroshima as the bloc hit Russia's "war machine" with further sanctions. The previously unannounced visit was revealed by officials Friday -- a rare long-haul foray for the war-time president and an opportunity to huddle with leaders of seven wealthy democracies that bankroll his country's defence. Those leaders also provided Kyiv with key breakthroughs, as they agreed new sanctions against Russia and US President Joe Biden said Washing...
AFP
Washington (AFP) - President Joe Biden's departure Wednesday to the G7 summit in Japan was meant to launch a geostrategic masterclass on rallying the world's democracies against China. Instead, he will limp into an abruptly truncated journey facing concerns that the US debt ceiling row is about to tear up the global economy. Biden arrives Thursday in Hiroshima, one of the two cities hit by US atomic bombs in 1945 -- a closing chapter to World War II and the start of an era of US leadership across the Pacific that Beijing now seeks to supplant. He will meet leaders from the rest of the G7 club ...
AFP
Niigata (Japan) (AFP) - "Hostile" US policies on China risk splitting the world into two blocs, Nobel-winning economist Joseph Stiglitz told AFP on Friday, urging the West to offer investment not "lectures" to developing countries. "It would be a good idea... for the other G7 countries to try to put pressure on the United States to say, 'what you're doing is forming the world into two blocs, and that will be hard,'" the professor said on the sidelines of Group of Seven ministerial talks in Japan. "We may be in some kind of strategic competition, but that doesn't mean that we have to be quite s...
AFP
Niigata (Japan) (AFP) - Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears. The meeting of the Group of Seven developed nations comes with the global economy still unsteady after years of pandemic woes compounded by Russia's invasion of Ukraine. So the three-day talks in the coastal city of Niigata in central Japan are a chance to set out a vision for financial stability before G7 leaders get together next weekend in Hiroshima. US Treasury Se...
AFP
Tokyo (AFP) - G7 allies meet this week for climate talks that are likely to urge more action in a "critical decade", but could also lay bare divisions on ambitious fossil fuel commitments. The world's leading developed economies are all targeting net-zero emissions by 2050 or sooner after signing the Paris Agreement to cap global warming at well under two degrees Celsius. But they differ on how to respond to the energy squeeze caused by Russia's war in Ukraine, with host Japan among those arguing for more leeway on fossil fuels to protect energy security. Britain, backed by France, has propose...
AFP
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