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Leaders united against Putin, 600 billion for infrastructure


The draft of the summit: financial and military aid to Kiev as long as needed. Resources could come from tariffs imposed on Russia. Draghi pressing on gas: 'Avoiding the return of populisms'. Then it urges the unlocking of the grain. Jonhson and Macron: 'It is possible to reverse the course of the war'. Biden announces 600 billion for infrastructures in the world (ANSA)

"We will continue to provide financial, humanitarian, military and diplomatic support and to stand by Ukraine for as long as necessary."

This is what we read in the draft of the G7 press release reported by Bloomberg.

In the document, the leaders of the G7 are considering the possibility of using the proceeds of tariffs on imports from Russia to support Ukraine.  


message of unity

from G7 leaders.

"Putin hopes that someone in the G7 and NATO will split, but it has not happened at all and will not happen", assures


, who announces the allocation of 600 billion dollars between now and 2027 for investments in infrastructures around the world.

On the price cap for oil proposed by the US, Paris opens but the president of the EU council Michel explains that we must "hit Russia and not our economies".

Putting a ceiling on the price of fossil fuels imported from Russia - said Draghi - has a geopolitical objective as well as an economic and social one, because even when energy prices drop, it is unthinkable to return to having the same dependence on Russia.

And we need to eliminate one of the main causes of


Eliminate energy dependence on Russia forever.

First with a boost to gas infrastructures, then with the conversion to hydrogen.

This is the recipe of Prime Minister

Mario Draghi

, who from the G7 summit warns: "The energy crisis does not produce the return of populisms".

Even when energy prices fall, it is unthinkable to go back to having the same dependence on Russia as we did.

We must forever eliminate our dependence on Russia ", said Draghi." In the current situation there are short-term needs that will require

large investments in gas infrastructure.

for developing countries and beyond.

We will have to make sure that they can then be converted to the use of hydrogen, a way to reconcile short-term needs with long-term ones, "Draghi said in a press release.

On the

price cap

, "putting a ceiling on the price of fossil fuels imported from Russia has a geopolitical objective as well as an economic and social one. We must reduce our loans to Russia. And we must eliminate one of the main causes of inflation, remarked Draghi.

"We must avoid the mistakes made after the 2008 crisis:

the energy crisis must not produce a return of populism

", highlighted Draghi.

"We have the tools to do this: we must mitigate the impact of rising energy prices, compensate families and businesses in difficulty, tax companies that make extraordinary profits".

Draghi then returned to press for the

unblocking of Ukrainian wheat


"We need to accelerate our efforts on the food security front. It is essential to unblock the grain in Ukraine long before mid-September, when the new harvest arrives. We must give our full support to the United Nations, so that it can proceed faster in its work of mediation",

G7 leaders in the gardens of Elmau castle - Primopiano

A walk before the start of the afternoon work, while the first ladies practice Nordic walking (ANSA)


The US, together with the other G7 countries, will allocate $ 600 billion between now and 2027 for investments in infrastructure around the world.

American President Joe Biden said this when launching the partnership on the sidelines of the summit in Germany.

The US will contribute $ 200 billion to the total over the next 5 years.

The 'Partnership for Global Infrastructure and Investment' "will deliver revolutionary projects to bridge the infrastructure gap in developing countries, strengthen the global economy and supply chains, and advance US national security."

The initiative was launched by Biden and other G7 leaders at the Cornwall summit to offer an alternative to China's Silk Road.

"When democracies unite, there is no

it is not charity, it is an investment

that will have a return for Americans and for all citizens of the world. "

G7, the bilateral between Emmanuel Macron and Boris Johnson


From the castle of Elmau, in Germany, the leaders of the G7 send a

message of unity

to the Kremlin, affirming a granitic compactness on the war front, even if the divergences on oil and gas are not yet smoothed out.

British Prime Minister Boris


and French President Emmanuel


see a possibility of

"reversing the course" of the war

in Ukraine, reports Downing Street after the bilateral meeting between the two at the Elmau G7.

Ukraine, Michel at the G7: 'More military and financial aid from the EU'

Source: ansa

All life articles on 2022-06-26

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