August 19, 2022

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G7 leaders set the tone directly with the new sanctions against Moscow

US President Joe Biden tweeted, “Together with the G7, we will ban Russian gold, Russia’s major export source.”

The seven major powers (Germany, the United States, France, Canada, Italy, Japan, the United Kingdom) formalize their commitment at the end of Tuesday’s meeting, but Washington, London, Ottawa and Tokyo are already there and already mobilized.

British Prime Minister Boris Johnson has vowed that the ban on freshly mined gold in Russia will “directly attack Russian oligarchy and strike the heart of Putin’s war machine,” without targeting the gold already sold.

Risk of “fatigue”

The West has already taken several rounds of sanctions against Russia, which is entering its fifth month of war against Ukraine.

But after the Russian attacks on the Ukrainian government in Q on Sunday morning, Mr. Demands further the “barbaric” act condemned by Pita.

Faced with the risk of “fatigue” mentioned by Boris Johnson in the Western camp, the US president launched a new call for G7 and NATO solidarity against Moscow.

Vladimir Putin said in an interview with Olaf Scholes that “one way or another, NATO and the G7 will split. But we did not do that, we will not do that.” Biden promised.

The German Chancellor, who hosted the summit, praised the unity of the “Putin unexpected” allies and called on each country to “share responsibility” in meeting the growing challenges of this conflict over time.

As Russian troops advance on Donbass, Ukrainian President Volodymyr Zhelensky will intervene via video conference on Monday.

Boris Johnson and Emmanuel Macron “acknowledged that this was an important moment in the evolution of the conflict and that it was possible to change the course of the war,” a British government spokesman said.

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No solution in negotiations “now”

However he acknowledged that their numbers were not enough to defeat Britain’s prime minister.

In front of the spectacular panorama of the alpine peaks, the leaders untied their ties for a traditional family photo, with a short break before several work sessions.

With the first interviews devoted to the global economic turmoil, conflicts and their consequences will occupy much of the debate, from threats of food shortages to rising inflation, including the energy crisis.

Joe Biden wants to prove to his allies that opposing Russia and confronting China are absolute, not opposing, motives.

In particular, the G7 wants to counter China and its “new silk roads” by investing heavily in the infrastructure of backward countries in Africa, Asia and Latin America. Sunday leaders plan to participate.

Weak leaders

Leaders of Indonesia, India, Senegal, South Africa and Argentina have also been invited to this annual summit, with the West seeking to expand the United Democratic Front against the threat of a camp created by Russia and China.

These emerging economies are particularly vulnerable to the risk of food shortages, an explosion of energy costs exacerbated by the war in Ukraine, and a climate crisis.

Climate actors expect solid improvement from the G7, including “planning” for the complete elimination of fossil fuels. Greenpeace wants to commemorate an emergency by erecting a banner at the top of Zugspitze, Germany’s highest point dominating Elma.

Bilateral discussions conclude the sessions, beginning with a meeting between Olaf Scholes and Joe Biden, the two leaders on difficult situations in their own countries.

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The German chancellor is betting on regaining the declining popularity of the G7 in recent months, failing to show firm support for kyiv.

In a country hard hit by high inflation, the US president is still facing a broken United States after the Supreme Court challenged the right to abortion.

The Frenchman Emmanuel Macron lost a week ago to get an absolute majority in the French National Assembly, and will have to deal with other parties, an unprecedented duty for him. Weakened by the “partygate” Mr. According to Johnson, his party did worse than expected from opinion polls, which saw them at gaining about two thirds of the seats in the by-elections.