Live Updates | 5 major emerging economies join G-7 summit

Leaders of the Group of Seven pose during a group photo at the G7 summit at Elmau Castle in Kruen, near Garmisch-Partenkirchen, Germany, Sunday, June 26, 2022. The major economic powers of the Group of Seven se gather in Germany for their annual gathering Sunday through Tuesday.  From left to right, Italian Prime Minister Mario Draghi, European Commission President Ursula von der Leyen, US President Joe Biden, German Chancellor Olaf Scholz, British Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, Japanese Prime Minister Fumio Kishida, French President Emmanuel Macron and European Council President Charles Michel.  (AP Photo/Markus Schreiber, Pool)

Leaders of the Group of Seven pose during a group photo at the G7 summit at Elmau Castle in Kruen, near Garmisch-Partenkirchen, Germany, Sunday, June 26, 2022. The major economic powers of the Group of Seven se gather in Germany for their annual gathering Sunday through Tuesday. From left to right, Italian Prime Minister Mario Draghi, European Commission President Ursula von der Leyen, US President Joe Biden, German Chancellor Olaf Scholz, British Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, Japanese Prime Minister Fumio Kishida, French President Emmanuel Macron and European Council President Charles Michel. (AP Photo/Markus Schreiber, Pool)

PA

The latest on the G-7 summit, the annual meeting of the major democratic economies, taking place this year in the Bavarian Alps in Germany; and on the NATO leaders’ summit which will start on Tuesday in Madrid:

German Chancellor Olaf Scholz hosted the leaders of the five major emerging democratic economies and major international organizations at the G-7 Summit.

The G-7 leaders plan to discuss a series of key issues with their guests, Prime Minister Narendra Modi of India and Presidents Macky Sall of Senegal, Joko Widodo of Indonesia, Cyril Ramaphosa of Africa from the South and Alberto Fernández from Argentina. These issues include climate change, energy, health and the COVID-19 pandemic, food security and gender equality.

They are joined on Monday by the heads of the World Bank, International Monetary Fund, World Trade Organization, World Health Organization and others.

This year, Indonesia holds the presidency of the expanded group of 20 major economies, which also includes Russia and China. This group faces a potentially tricky summit in Bali in November, given the possibility that Russian President Vladimir Putin could attend.

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KEY DEVELOPMENTS:

– G-7 leaders commit to Ukraine, US sends anti-aircraft system

– Tale of 2 Summits: “America is Back” on America’s Rollback

— EXPLAINER: The G7 provides a forum for like-minded democracies

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OTHER DEVELOPMENTS:

Finnish President Sauli Niinisto said he and the Swedish Prime Minister would meet Turkish President Recep Tayyip Erdogan and NATO Secretary General on the sidelines of this week’s NATO summit in the Spanish capital.

Finland and Sweden applied to join the 30-member alliance following Russia’s invasion of Ukraine. But NATO member Turkey has so far blocked their candidacies, citing what it sees as the two countries’ soft approach to organizations Ankara considers terrorists, such as the Kurdistan Workers’ Party, or PKK.

Turkey is asking Sweden and Finland to grant extradition requests for individuals it says are members of the PKK or are linked to a failed coup in 2016. Ankara also wants assurances that restrictions on arms sales that the two countries imposed during its 2019 military incursion into northern Syria will be lifted.

Turkish presidential spokesman Ibrahim Kalin told Haberturk TV that “our presence at this summit does not mean that we will back down from our position.”

Ukrainian President Volodymyr Zelenskyy joined the Group of Seven leaders via video link at their summit in the Bavarian Alps.

Zelenskyy could be seen on a television screen next to the round table where the leaders sat at the secluded luxury Schloss Elmau hotel on Monday. His address has not been shown to the public.

G-7 leaders pledge long-term support for Ukraine at their summit, with both immediate relief and long-term reconstruction on the agenda.

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German Chancellor Olaf Scholz said ahead of a session with Ukrainian President Volodymyr Zelenskyy that the G-7 countries’ policies on Ukraine are “very aligned” and they see the need to be both tough and careful .

Scholz said after meeting with Canadian Prime Minister Justin Trudeau on Monday that “we are making difficult decisions, we are also careful, we will help … Ukraine as much as possible but we also avoid that there is a major conflict between Russia and NATO.

He added that “that is what is essential – to be tough and to think about the necessities of the times in which we live”.

G-7 leaders are due to speak via video link Monday morning with Zelenskyy.

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Economic powers in the Group of Seven are set to announce an agreement to pursue a cap on Russian oil prices, aimed at limiting Moscow’s energy revenues, a US official said on Monday. The move is part of a joint effort to support Ukraine that includes raising tariffs on Russian products and imposing new sanctions on hundreds of Russian officials and entities supporting the four-month war.

Leaders were finalizing the deal to seek a price cap at their three-day summit in the German Alps. The details of how a price cap would work, as well as its impact on the Russian economy, were expected to be worked out by G-7 finance ministers in the coming weeks and months. The largest democratic economies will also pledge to raise tariffs on Russian imports into their countries, with the United States announcing new tariffs on 570 categories of goods, as well as the use of sanctions to target supply chains. defense of Russia that supported its rearmament efforts during the war. .

The senior administration official spoke on condition of anonymity to preview announcements of the G-7 leaders’ summit, where they are due to speak via video link with Ukrainian President Volodymyr Zelenskyy.

— By Zeke Miller in Elmau, Germany

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German Chancellor Olaf Scholz has said the West has no intention of “torpedoing” the Group of 20 – the group of major economies that also includes Russia.

This year’s G-20 summit is due to take place in Indonesia in November. One wonders if Western leaders will sit down with Russian President Vladimir Putin.

Scholz, which is hosting the Group of Seven small industrial powers summit this week, also hosts the leaders of five major emerging democratic economies — India, Indonesia, Senegal, South Africa and Argentina — on Monday.

So far, not all of them agree with the G-7 countries on the war in Ukraine or the sanctions. Scholz told German ZDF television that “it is all the more important that we discuss (the issue) with each other”.

Scholz told German ZDF television: “We must not fall into Putin’s trap of saying that the world is divided between the global West – the G-7 and its northern friends – and everything else. It’s not true. There are democracies all over the world and they have very similar perspectives.

Scholz did not explicitly commit to appearing at the G-20 summit whether or not Putin attends, but stressed the importance of the group.

He said, “There’s a common belief…that we don’t want to torpedo the G-20.”

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President Joe Biden is set to announce that the United States is providing an advanced surface-to-air missile system to Ukraine, along with additional artillery support, according to a person familiar with the matter, as part of of the latest assistance to help the country defend itself. against Russia’s four-month invasion.

The United States is buying NASAMS, an anti-aircraft system developed by Norway, to provide medium and long range defense, according to the person who spoke on condition of anonymity. NASAMS is the same system used by the United States to protect sensitive airspace around the White House and the US Capitol in Washington.

The additional aid includes more ammunition for Ukrainian artillery, as well as counter-battery radars, to support its efforts against the Russian assault in Donbass, the person said.

The announcement comes as Biden huddles with allies this week in support of Ukraine in meetings at the Group of Seven advanced economies summit in Germany and the annual NATO leaders’ meeting in Madrid.

— By Zeke Miller in Elmau, Germany

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A year ago, Joe Biden attended his first Group of Seven summit as president and confidently told America’s closest allies that “America is back.”

Now there are fears that America is backing down. As Biden meets with the heads of the G-7’s major democratic economies in the Bavarian Alps this week, he brings with him the baggage of domestic turmoil.

The United States is grappling with political unrest, shocking mass shootings and the US Supreme Court’s decision to end constitutional abortion protections.

Biden says other world leaders at the summit did not ask him about the abortion decision. But domestic turmoil undoubtedly worries its European allies.

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Leaders of the Group of Seven economic powers set to make long-term pledges to support Ukraine as they meet in the German Alps and hold video-link talks with Ukrainian President Volodymyr Zelenskyy.

The G-7 leaders will begin Monday’s session of their three-day summit with a focus on Ukraine. Later, they will be joined by leaders from five democratic emerging economies – India, Indonesia, South Africa, Senegal and Argentina – for a discussion on climate change, energy and other questions.

The war in Ukraine was already at the forefront of the G-7 leaders’ minds when they opened their summit at the secluded luxury Schloss Elmau hotel on Sunday – just as Russian missiles hit the Ukrainian capital, Kyiv, to the first time in weeks.

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Follow AP’s coverage of the G-7 summit: https://apnews.com/hub/g-7-summit

About Norma Wade

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