The G7 will make Putin pay the “political and financial costs” of the war

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Scholz assures it is necessary to see if Russia continues the war “with unchanging brutality”

The G7 countries are determined to defend the values ​​of Western democracies, not let Russian President Vladimir Putin triumph in the war in Ukraine, stand up to China in its ambitions to control global trade, lead the fight against climate change and the world end hunger.

“Putin cannot win this war,” Chancellor and meeting host Olaf Scholz said at the end of the summit of heads of state and government from the United States, Canada, Germany, France, Britain, Italy and Japan. in the Bavarian Alps. After underscoring the group’s “unity and decision”, the head of the German government acknowledged that there are currently no diplomatic avenues to end the conflict. “Unfortunately, we see Russia continuing the war with unchanging brutality,” Scholz said at a news conference, noting that the G7 countries will bill Russia for the “political and financial costs” of the conflict.

Although an agreement will eventually and at some point be signed by the presidents of Russia and Ukraine, “that is not the case at the moment,” said the head of the German government, emphasizing the importance of continuing to exert pressure. against Russia with tougher sanctions. “There will only be a way out if Putin accepts that he is incapable of imposing his intentions, that’s what matters now,” said the Social Democratic politician, urging the Russian president to assume “he is not a imposed peace.”

At the end of the summit, he pointed out that the G7 countries will continue to increase and incur increasingly expensive political and economic costs for President Putin and his regime. For this it is important to be united, also in the long term. Scholz noted that they will also challenge the “Russian narrative” that only the West condemns the invasion of Ukraine “and the rest of the world only looks at what Russia is doing there.”

The chancellor reiterated that the G7 supports and will support Ukraine “for as long as it takes” and with the resources it needs. “We support the country in its defense and offer the future prospects,” said the foreign minister, who also referred to Monday’s attack on a shopping center in the Ukrainian city of Kremenchuk and noted that it is further evidence that Putin’s “brutal aggression against the civilian population.

He also assured that the select group of rulers are concerned about world hunger, exacerbated by the Russian blockade of decisive grain exports from Ukraine. “Currently there are 345 million people who we know don’t have enough to eat,” said Scholz, speaking of the “existential threat” to some African countries from a lack of grain supplies. “That’s why we want to act and have forged a global food security alliance,” emphasized the German prime minister.

On the third and final day of the debates, G7 leaders took over Scholz’s initiative to create a Climate Club, in which member states commit themselves to developing exemplary policies to prevent global warming and support countries in need of technological as well as financial assistance to tackle climate change.

The meeting also approved the United States’ initiative to create global infrastructures to counter China’s ambitions to control world trade with its New Silk Road. The G7 has committed to investing about €600,000 million in African, Asian and Latin American countries by 2027 to avoid their financial dependence on China, which provides generous loans that in many cases end up becoming a debt trap for the affected countries.

Source: La Verdad

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