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The leaders of the world’s seven industrialized nations ended their much-publicized meeting with a united stand in support of Ukraine for as long as necessary, as the peaceful country faces months of brutal, unprovoked aggression.
At the close of the G7 summit, its leaders made it clear that they were considering possible steps to limit the Kremlin’s oil sales revenues, with which it finances the war.
“We all agreed: President Putin should not win this war. We will continue to increase the economic and political cost of the conflict for Putin and his regime. We also discussed the long-term reconstruction of Ukraine. There will be extra money for this, but more importantly we are united on the issue of reconstruction. “We need a Marshall Plan for Ukraine, which is carefully thought out and developed.” said Scholz.
The final statement from the G-7 summit lays out the need to take measures that prohibit the import of Russian oil beyond a ceiling price. In addition to pledging to halt imports of Russian gold, participants agreed to increase aid to countries affected by food shortages as a result of the Russian blockade on shipments of Ukrainian grain across the Black Sea. US President Joe Biden has pledged $ 2.76 billion in efforts to alleviate hunger problems and provide food.
Two billion dollars will be used to save people’s lives from starvation, through direct humanitarian action. $ 760 million has been earmarked for sustainable short- and medium-term food aid.
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