Elmou: Major economic powers provided by video link with Ukrainian President Volodymyr Zelensky on Monday, as he outlines his commitment to Ukraine with plans to push up a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions did.
In addition, the US was preparing to announce the purchase of an advanced surface-to-air missile system for Kiev to help Ukraine in its fight against Vladimir Putin’s aggression. The US was also preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv.
New aid and effort from the Group of 7 leaders to exact penalties on Moscow as one Zelensky openly worries the West is tired of the cost of a war that is fueled by rising energy costs and rising prices on essential commodities. Contributing to. Globe.
The leaders were finalizing the deal to pick up a price cap during their three-day G-7 summit in the German Alps. A senior administrative official, speaking on condition of anonymity, explained how the price cap would work, as well as details of its impact on the Russian economy, to be resolved by G-7 finance ministers in the coming weeks and months. To preview the announcements from the summit.
The largest democratic economies will also commit to raising tariffs on Russian imports into their countries, with the US announcing new tariffs on 570 categories of goods, as well as using sanctions to target Russia’s defense supply chains who support his effort to try again during the war. ,
According to the person who spoke on condition of anonymity, Biden is expected to announce the US is purchasing a Norwegian-developed anti-aircraft system, NASAMS, to provide medium to long-range defence. NASAMS is the same system used by the US to protect the sensitive airspace around the White House and US Capitol in Washington.
Additional aid includes more ammunition for Ukrainian artillery, as well as counter-battery radar to support its efforts against a Russian attack in the Donbass, the person said. Biden is also announcing a commitment of $7.5 billion to help Ukraine’s government meet its spending, as part of a $40 billion military and economic aid package signed into law last month.
The G-7 leaders began Monday’s session of their three-day summit with a focus on Ukraine. Later, he will join the leaders of five democratic emerging economies – India, Indonesia, South Africa, Senegal and Argentina – to discuss climate change, energy and other issues.
War in Ukraine was already at the fore of G-7 leaders’ minds as they opened their summit on Sunday at the secluded Schloss Elmau luxury hotel, just as Russian missiles hit Ukraine’s capital, Kyiv, for the first time in weeks.
The host of the summit, German Chancellor Olaf Scholz, said that the policies of the G-7 countries on Ukraine are “too cohesive” and they see the need for both strictness and caution.
We are taking tough decisions, we are also cautious, that we will help … Ukraine as much as possible, but we also avoid that there is a rift between the two, Scholz said after meeting with Canadian Prime Minister Justin Trudeau on Monday. There will be a big struggle. Russia and NATO?.
He said that “this is what is of the essence – being tough and thinking about the necessities of the times in which we are living”.
Biden said on Sunday that Russian President Vladimir Putin “has been confident from the beginning that somehow NATO and the G-7 will disintegrate, but we have not done that and we are not going to.”
Biden hopes to use his trip to Europe to declare the unity of a coalition pressuring Russia to punish Russia for its invasion of Ukraine, urging allies to do even more, its Trying to combat doubts about Endurance as the war grinds to a halt in its fifth month.
The host of the summit, German Chancellor Olaf Scholz, said last week that he would like to discuss with his G-7 counterparts the outline of the “Marshall Plan for Ukraine”, referring to a US-sponsored plan that led to World War II. helped to revive European economies. ,
The war is still on and the destruction is increasing day by day, a detailed plan is unlikely at this stage. Scholz has said that “rebuilding Ukraine will be a task for generations.”
The G-7 is already committed to helping Ukraine meet its immediate needs. The group’s finance ministers last month agreed to provide $19.8 billion in funding to help Kyiv keep basic services running and prevent tight finances from hindering its defense against Russian forces.
A senior US administration official, who spoke on condition of anonymity to discuss private talks between the G-7 leaders, said the US and Europe are aligned in their goal for an end to the conflict, even though their roles are sometimes – ever look different.
Scholz and French President Emmanuel Macron have tried to facilitate this through active dialogue with Russian President Vladimir Putin and Zelensky while supplying arms to Ukraine. The US has largely stopped important talks with Russia and aims to increase Ukraine’s battlefield capability as much as possible so that its final position at the negotiating table is strengthened.
The endurance of tighter sanctions on Russia may ultimately weigh on whether the G-7 and other leaders can identify ways to ease energy supply issues and skyrocketing prices once winter hits, Because they want to break away from Russian sources of fuel.
The G-7 meeting last week is sandwiched between an EU summit that agreed to grant Ukraine a candidate status for membership, kicking off a process that has no guarantees of success, And a summit of NATO leaders is starting Tuesday in Madrid.
The leaders of the G-7 – the US, Germany, France, the UK, Italy, Canada and Japan – can expect some progress in bringing their counterparts from five of their guest countries closer to Western views on sanctions against Russia.
Scholz is keen to win over such countries for his idea of a “climate club” for countries that want to move forward to tackle the issue.