It’s been well over 100 days….
The fight goes on…..
The America President has been working the leaders of the Group to stick together….
Things have been tough for Russia….
But?
Tough for the economies of all involved also….
Oh?
And there IS this China thing…..
President Joe Biden and Western allies opened a three-day summit in the Bavarian Alps on Sunday intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia’s aggression. Britain’s Boris Johnson warned the leaders not to give in to “fatigue” even as Russia lobbed new missiles at Kyiv.
The Group of Seven leaders were set to announce new bans on imports of Russian gold, the latest in a series of sanctions the club of democracies hopes will further isolate Russia economically. They also were looking at possible price caps on energy meant to limit Russian oil and gas profits that Moscow can pump into its war effort.
And following up on a proposal from last year’s G-7 summit, Biden formally launched a global infrastructure partnership designed to counter China’s influence in the developing world. The initiative aims to leverage $600 billion with fellow G-7 countries by 2027 for global infrastructure projects. Some $200 billion would come from the United States, Biden said….
…
Biden and his counterparts were using the gathering to discuss how to secure energy supplies and tackle inflation triggered by the war’s fallout.
The leaders also came together on the new global infrastructure partnership meant to provide an alternative to Russian and Chinese investment in the developing world. One by one, the leaders stepped up to the microphone to discuss the partnership and their roles in it — without mentioning China by name.
Ukraine cast a shadow over the gathering, but the leaders were determined to project resolve.
Scholz told Biden that the allies all managed “to stay united, which obviously Putin never expected.”…
image….AP