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Biden and G-7 leaders to discuss new sanctions on Russia, inflation, supply chain issues

Biden and G-7 leaders to discuss new sanctions on Russia, inflation, supply chain issues


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ELMAU, GERMANY — Inflation, provide chain disruptions and Russian sanctions can be on the agenda on the primary day of the Group of Seven summit, which President Joe Biden is attending this week alongside the leaders of France, Germany, Canada, the UK, Italy and Japan.

G-7 leaders will focus on new methods to crack down on Russian President Vladimir Putin for his invasion into Ukraine, the White Home says, and announce the launch of an infrastructure initiative that’s meant to assist low- and middle-income international locations deal with their improvement issues higher.

The newest

  • Punishing Putin: G-7 nations can be on the lookout for extra methods to weaken Russia’s financial system and self-discipline Putin.
  • It is a balancing act: Leaders will even focus on how they will deliver down oil costs and reduce Russian retaliation in opposition to international locations that abide by sanctions.
  • What’s complicating their selections: Russia has already slowed the stream of fuel to European international locations that depend on the nation with massive oil reserves, sparking fears of an power disaster on the continent subsequent winter.

What’s about to occur

What they’re contemplating: A supply acquainted with the discussions stated the U.S. plans to ban imports of Russian gold. Different G-7 nations are anticipated to observe go well with.

What they’re saying

  • “They will do a indicators test earlier than the summit, and so they’ll proceed to intently coordinate, as they’ve been, on supporting Ukraine, holding Russia accountable, and, in fact, different vital priorities between the 2 of us,” Nationwide Safety Coordinator for Strategic Communications John Kirby advised reporters on Saturday. 

Different takeaways

President Biden’s first bilateral assembly of his weeklong journey can be with Germany’s Olaf Scholz, a comparatively newer chief who changed longtime Chancellor Angela Merkel late final 12 months.

Wish to know extra?  Here is what you missed 

World leaders will maintain periods on a spread of challenges whereas in Germany.

Extra: Biden to meet with G-7 leaders in Europe amid global economic crisis, conflict with Russia 

Extra: US wants farmers to boost wheat production amid a global food shortage due to the Ukraine war. They can’t afford to

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