The G7 leaders consist of Seven Economic powers, Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union. The countries are committing themselves to support Ukraine for the long haul at their summit with short-term immediate help and long-term rebuilding on the agenda. The theme for 2022 is “Progress towards an equitable world.”. this year’s goal was set by the German G7 Presidency itself for its program. The 48th G7 Summit 2022 is held in Schloss Elmau, which is situated between Garmisch-Partenkirchen and Mittenwald a sanctuary of the Bavarian Alps, Germany.
German Chancellor Olaf Scholz is also hosting this week’s summit of the smaller Group of Seven industrial powers on Monday, June 27, 2022, with leaders from five major emerging democratic economies India, Indonesia, Senegal, South Africa, and Argentina. In an Interview, Scholz said to a German news channel: “We must not walk into the trap Putin sets of asserting that the world is divided into the global West the G-7 and its friends in the north, and all the rest. That’s not true. There are democracies all over the world and they have very similar perspectives”. The G-7 leaders have begun their three-day summit session with a focus on Ukraine. They were joined by Ukraine President Zelenskyy via video call today though his address was not shown to the public.
In the virtual address to the G7 summit, the Ukrainian President Volodymyr Zelensky said that he wanted the ongoing war pursued by Russia against Ukraine “to end before winters”, as the BBC reported. They had also reported that President Zelensky asked for reconstruction aid, anti-aircrafts defense systems, help on grain exports, and security guarantees. He had also asked to “intensify sanctions” on Russia. Zelensky is also expected to address the NATO summit in Madrid. He also asked the Group of Seven rich nations to further squeeze Russia over its invasion of Ukraine by capping the prices of oil exported by Moscow. He added that “Ukraine feels the support of the G7 countries”. The G7 leaders pledged on Monday to “continue to provide financial, humanitarian, military and diplomatic support” to Ukraine “for as long as needed”, in a joint statement issued at their summit in southern Germany. They also expressed “deep concern” after Russia announced that it might transfer nuclear-capable missiles to Belarus. The seven industrialized countries (Germany, France, the United States, Canada, Japan, Italy, and the United Kingdom) announced that they were broadening the sanctions against Moscow by declaring a ban on gold and Russian gold imports.
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G7 Summit leaders detail a $600Bn plan to rival China’s Belt Road Imitative. Leaders, US president Joe Biden, and UK Prime Minister Boris Johnson proposed a $ 600 Bn plan towards competing with China’s Belt and Road initiative. The partnership for Global Infrastructure and Investment (PGII) relaunched a scheme that was unveiled at last year’s G7 talks in England.
They have detailed plans to mobilize $600 Bn in funding for the developing nations seen as a countermove to China. US president said that the plan would “deliver returns for everyone”. He also added “I want to be clear. This isn’t aid or charity”, “It’s an investment that will deliver returns for everyone.” speaking of the PGII scheme. The scheme would allow countries to “see the concrete benefits of partnering with democracies,” the US president further added. This plan calls on G7 leaders to raise 600 Bn dollars over five years to fund the launch of infrastructure projects in and low-middle-income-countries (LMIC). The US has promised to raise $200 Bn of the total through grants, while the EU has announced a further 300 Bn euros. The initiative will also be aimed toward tackling climate change, improving global health, achieving gender equality, and building on digital infra.
Today PM Narendra Modi engaged in a bilateral meeting, as Monday marked the second and the final day of PM Modi’s visit to Germany, he was invited to the summit as a special guest to show “diversity in the G7 summit”. He will be traveling to UAE on Tuesday on a day-long tour. In the afternoon, Prime Minister received a warm welcome from French President Emmanuel Macron as they were seen with arms around PM Modi’s shoulder while assembling for the summit at the venue. He also engaged in a lighthearted conversation with the US president Joe Biden, and Canadian PM Justin Trudeau
Further, PM Modi highlighted India’s efforts for green growth, clean energy, sustainable lifestyles, and global wellbeing, said Arindam Bagchi spokesperson, MEA (Ministry of External Affairs). PM also stressed becoming pro-planet people and investing in a better future.
Apart from the G7 meeting PM Modi also held bilateral talks with South Africa’s President Cyril Ramaphosa.
In his bilateral talks, he also engaged with the President of Indonesia, the European Union Commission President, and Prime Minister of Canada respectively, and also the host German Chancellor Olaf Scholz.