August 18, 2022

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Leaders unite against Putin, 600 billion for infrastructure – Politics

“We will continue to provide financial, humanitarian, military and diplomatic support and stand by Ukraine for as long as necessary.” This is what we read in the draft of the G7 press release reported by Bloomberg. In the document, the G7 leaders are considering the possibility of using the revenue from tariffs on imports from Russia to support Ukraine.

Aloud unit message by G7 leaders. Putin asserts that “Putin hopes that someone will break up in the G7 and NATO, but that has never happened and will not happen.” BidenWhich announces the allocation of $ 600 billion between now and 2027 for investments in infrastructure around the world. Regarding the ceiling on oil prices proposed by the United States, Paris opened but the President of the Council of the European Union, Michel, made it clear that we must “hit Russia, not our economies.” Draghi said that capping the price of fossil fuels imported from Russia has a geopolitical as well as an economic and social goal, because even when energy prices fall, a return to the same dependence on Russia is unthinkable. We need to eliminate one of the main causes of inflation.

Draghi: Ending the eternal dependence on Russian energy
Get rid of energy dependence in Russia forever. First with the strengthening of the gas infrastructure, and then with the conversion to hydrogen. It’s the prime minister’s recipe Mario Draghi, which warned of the G7 summit: “The energy crisis does not produce a resurgence of populism.” Even when energy prices are falling, it is unthinkable to return to the dependence on Russia as we had. From what has been learned, Draghi said, we must remove our dependence on Russia for good. “In the current situation, there are short-term needs that require Significant investments in gas infrastructure for developing countries and beyond. “We will have to make sure that it can then be converted to hydrogen use, which is a way to reconcile short-term needs with long-term needs,” Draghi said at a press point in Elmao during a respite in the G7 procedures. “We must avoid the mistakes made after the 2008 crisis: The energy crisis should not lead to a return to populismFrom what has been learned, Draghi noted, “We have the tools to do this: We must mitigate the impact of the increase in energy prices, compensate families and companies in difficulty, and tax companies that are making extraordinary profits.” Then Draghi returned to urge the Lifting the embargo on Ukrainian grain. “We need to speed up our efforts on the food security front. It is necessary to lift the grain embargo in Ukraine well before mid-September, when the new harvest season arrives. We must give our full support to the United Nations, so that it can move forward with faster mediation work” , the Prime Minister said again, as far as he knows.

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Biden: From G7 600 billion to global infrastructure

The United States, along with other G7 nations, will allocate $600 billion between now and 2027 for infrastructure investments around the world. This was stated by US President Joe Biden at the launch of the partnership on the sidelines of the summit in Germany. The United States will contribute $200 billion in total over the next five years. The Partnership for Global Infrastructure and Investment will deliver “revolutionary projects to bridge the infrastructure gap in developing countries, strengthen the global economy and supply chains, and enhance the national security of the United States.” Biden and other G7 leaders launched the initiative at the Cornwall summit to offer an alternative to China’s Silk Road. “When democracies come together, there is nothing they can’t achieve,” Biden said. “This plan It’s not a charity, it’s an investment Which will return to Americans and to all citizens of the world.”

The G7, the duo between Emmanuel Macron and Boris Johnson


Unity message against Moscow from the G7
From Elmau Castle, Germany, the leaders of the Group of Seven sent a unit message In the Kremlin speech, stressing the cohesion of the granite on the war front, even if the disputes over oil and gas have not yet been resolved. British Prime Minister Boris Johnson French President Emmanuel Macron They see an opportunity to ‘Reversing the tide’ of war In Ukraine, Downing Street reports after the bilateral meeting between the two at Elmau G7.

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Ukraine and Michel in the G7: ‘More military and financial aid from the EU’