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Reconstruction of Ukraine, food shortage, price of Russian oil… G7 announcements – Ouest-France

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The seven powers of the G7 (France, United States, United Kingdom, Germany, Italy, Japan and Canada), meeting at the summit at Elmau Castle in Germany, committed on Tuesday June 28 on several points related to the war in Ukraine. Here are the main ones. A conference for the reconstruction of Ukraine Leaders have announced that they will support the reconstruction of Ukraine through an international conference and a plan, according to a draft final declaration seen by AFP. The G7, joined by five emerging countries, including India, also condemned Russia’s illegal invasion of Ukraine. The seven powers, at the end of their meeting, express their determination to support the reconstruction of Ukraine through an international conference and reconstruction plan. Alleviating the food shortage The G7 also urged countries and companies with large food stocks to help alleviate the food shortage and pledge an additional $4.5 billion to address food insecurity. As a short-term remedy, we call on partners who have large stocks of food, as well as the private sector, to make food available without distorting markets, including by supporting the World Food Program’s procurement strategy. in a statement the G7, meeting until Tuesday in southern Germany. G7 leaders are also pledging an additional $4.5 billion to address food insecurity, bringing the effort this year to around $14 billion, according to the statement. The G7 also reiterated its urgent appeal to Russia to end, unconditionally, the blockade of Ukrainian Black Sea ports, the destruction of essential port and transport infrastructure, silos and grain terminals, the illegal appropriation by Russia of agricultural products and equipment in Ukraine and all other activities that hinder the production and export of production and Ukrainian exports of foodstuffs. The Russian invasion of Ukraine, including the blockade of Black Sea ports, is driving up food prices and contributing to the global spike in inflation. Russia, for its part, denies having blocked the passage of cargo ships and accuses Western sanctions of contributing to the food crisis. Russian oil price cap Another hot topic is that G7 leaders will kick off work to put in place a Russian oil cap mechanism to hit a major Moscow revenue stream, a senior House official has said. White. The G7 will ask ministers to work urgently to develop an oil price cap, consulting with third countries and the private sector, with the aim of putting such a cap in place, the official assured a few hours from the end of the summit. This novel and complex mechanism would aim to prevent Russia from selling its oil above a certain price. Reconstruction of Ukraine, food shortage, price of Russian oil… G7 announcementsEXPAND

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