Among other things, a recent article by The Associated Press discusses what is on the plate of the G7 countries:
The leaders meeting in Germany’s Bavaria state are searching for ways to support Ukraine in defending itself against Russia and reviewing sanctions aimed at curbing Russia’s ability to wage war.
One proposal is a price cap on Russian oil that would reduce a key source of Kremlin income. But that has to be balanced with the economic impact, particularly in Europe which is more dependent on Russian oil and gas.
That’s a difficult juggle because fears are rising of a recession in both the U.S. and Europe as central banks raise interest rates to combat inflation. The G-7 are also looking for ways to facilitate grain shipments out of Ukraine and to alleviate global food inflation and shortages.
Read the full article here.
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