The three-day wealthy democracies Group of Seven– Canada, France, Germany, Italy, Japan, the U.K., the U.S. and the European Union wrapped up their three-day summit in Schloss Elmau hotel in Bavaria in southern Germany yesterday.
During the meeting’s discussions were dominated in particular by the Russian attack on Ukraine, “grave concern” over freedoms in China, fight against climate change, the global food crisis and strengthening of democracy.
On the second day of the Summit at Schloss Elmau, the G7 leaders and Ukrainian President Zelensky discussed on going Ukraine situation in depth.
Zelensky participated via video link.
The group also pledged indefinite support to Ukraine and announced further sanctions against Russia pledging further assistance to the Ukrainian of US $28 billion euros until the end of the year.
The leaders also announced additional support worth US $4.5 billion to help developing countries cope with a deepening food crisis.
In a concluding news conference, German Chancellor Olaf Scholz, the host of the summit, said it was important to understand that the conflict in Ukraine is Russia’s war.
Estimates suggest that up to 40 million more people could be pushed into poverty in 2022 as a result of Russia-Ukraine War and its secondary effects.
The U.S. government’s multi-pronged response to combat global food insecurity includes: Global Humanitarian Assistance, Global Development Assistance, Expansion of Feed the Future, Global Agriculture and Food Security Program (GAFSP).
At the end, the G7 leaders made a joint statement saying they will use food aid to counter the global food crisis caused by the Russian war of aggression and agreed on a price cap for Russian oil.