G7 summit: Fuel price control moves to shut down Russia | G7 Summit

Sloz Elmo (Germany) ജി The G7 summit of developed nations has announced that it will expand sanctions against Russia and continue to provide much-needed economic, military and diplomatic support to Ukraine. Ukrainian President Volodymyr Selensky attended the summit via video.

At the summit, four months after the war in Ukraine, the US plan to impose price controls on fuel imports from Russia aimed at financially oppressing Russia was reached. It needs the support of countries, including India, a major importer of Russian fuel.

The next step will be to ban industrial goods and technologies. Even if Russia is willing to impose price controls, there is no guarantee that it will be able to prevent an invasion of Ukraine. Russia also captured Lishansk, the last city in Luhansk, on Monday.

German Chancellor Olaf Scholes receives Prime Minister Narendra Modi at the summit. Before the photo session, US President Joe Biden shook hands with Modi and conducted a thorough search. The two met at the Quad Summit in Japan last month. Modi held talks with French President Emmanuel Macro and Canadian Prime Minister Justin Trudeau. Talks with other heads of state will follow. The G7 is a consortium of the US, UK, Canada, Japan, France, Germany and Italy. Apart from India, special invitees include Argentina, Indonesia, Senegal and South Africa.

The G7 summit promised to allocate $ 60 billion to the private and public sectors for infrastructure development in developing countries. This is to prevent China’s economic influence in the region, including Latin America and Africa. President Biden said the United States would provide $ 20,000 to poor countries for investment projects.

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