G-7 set to back pursuing Russian oil price cap, tariff hikes
German Chancellor Olaf Scholz, the summit’s host, said that the G-7 countries’ policies on Ukraine are “very much aligned,” and that they see the need to be both tough and cautious.
Biden said Sunday that Russian President Vladimir Putin"has been counting on, from the beginning, that somehow NATO and the G-7 would splinter, but we haven’t and we’re not going to.” With the war still in progress and destruction mounting by the day, it's unlikely to be a detailed plan at this stage. Scholz has said that “rebuilding Ukraine will be a task for generations.”Finance ministers from the group
Scholz and French President Emmanuel Macron have tried to facilitate that through active conversations with Russian President Vladimir Putin and Zelenskyy, while also supplying weapons to Ukraine. The U.S. has largely cut off significant talks with Russia and aims to bolster Ukraine’s battlefield capacity as much as possible so that its eventual position at the negotiating table is stronger.
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