G7 leaders said on Wednesday they stand united to support Ukraine, including its territorial integrity, and agreed to increase sanctions on Russia, in a joint statement.
The unity of the joint statement from the 15-17 June G7 summit in the French lakeside resort of Évian-les-Bains was notable as U.S. President Donald Trump's administration has at times been hard to bring on board, particularly on the thorny issue of how to end the Ukraine war.
It followed what Trump called a "very good" meeting with Ukrainian President Volodymyr Zelenskyy and other G7 leaders on Tuesday, sparking optimism that a peace deal could be struck. Zelenskyy said he could meet Trump again on Wednesday.
It also reflects how Ukraine has strengthened its position after successful drone incursions weakened Russia's hand.
The G7 leaders also welcomed the preliminary peace deal between the United States and Iran - which Trump signed on the eve of the summit, and said they are ready to contribute to its implementation.
On Wednesday, in a central theme of France's G7 presidency, leaders will turn their attention to critical minerals and global economic imbalances.
France is pushing partners to agree a statement on critical minerals that could include measures to help the West reduce its reliance on China and shield investors from counter-measures and dumping, diplomats said.
China spooked the global economy last year when some industries nearly ground to a halt after Beijing imposed export curbs on permanent magnets made of rare earths - an episode which highlighted how reliant Western supply chains in the energy.
"We are negotiating texts that are significant on critical minerals and, as a consequence, on economic sovereignty," a French presidency official said ahead of the summit.
Measures under discussion in recent months have included price supports, market standards, subsidies and guaranteed purchases, as well as means to scale up private investment in critical mineral supply chains outside China.
However, any measures announced at the G7 are likely to be first steps.
G7 leaders will also discuss how to rebalance global trade and address "predatory competition", mainly by China. France summarises the imbalances as: China produces too much, the U.S. consumes too much and the Europeans invest too little.
France's President Emmanuel Macron sought to engage China ahead of the summit in a last-ditch effort at cooperation. Beijing rejects EU claims of unfair subsidies and has repeatedly vowed "strong" countermeasures to the EU's proposed "Buy European" and revised tech sovereignty rules.
EU leaders will separately debate tougher and a more systematic use of trade defence measures against China's surging imports at a summit in Brussels on Thursday.
The EU last year recorded its largest-ever trade deficit with China of over €360 billion.
G7 leaders will also discuss AI over lunch on Wednesday, including the liability of bots and agents, and how AI presents what is true and false. OpenAI founder Sam Altman and Anthropic CEO Dario Amodei are expected to attend.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify...
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port o...
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment