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The Latest Breaking News from G7

G7 finance meeting set to be dominated by reconstruction of Ukraine

G7 finance ministers are meeting in Germany on how to help Ukraine pay its bills, with reconstruction after the war, surging global inflation, climate change, supply chains and the impending food crisis high on the agenda.

Radio France Internationale

G7 Finance Ministers to Thrash Out Ukraine Aid Plan

G7 partners meet Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy. Finance ministers from the Group of Seven industrialized nations are holding talks in Koenigswinter in western Germany to coordinate their response. "The bilateral…

Asharq Al-Awsat

G7 agree on $18.4 billion to keep Ukraine running, ready with more

The Group of Seven's financial leaders agreed on Thursday on $18.4 billion to help Ukraine pay its bills in coming months and said they were ready to stand by Kyiv throughout its war with Russia and do more if needed, a draft communique showed.

Reuters

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US Congress approves new $40 billion Ukraine aid package

The US Senate overwhelmingly approved a $40 billion infusion of military and economic aid for Ukraine and its allies on Thursday as both parties rallied behind America’s latest, and quite possibly not last, financial salvo against Russia’s invasion. Follow FRANCE 24’s liveblog for all the latest developments. All times are…

France 24

Why does the UK have the highest inflation in the G7?

Analysis: UK among hardest-hit countries thanks to perfect storm of war in Ukraine, Covid and Brexit

The Guardian - UK

EU plans 9 billion euros joint borrowing for Ukraine, more for reconstruction

The European Commission proposed on Wednesday an extra 9 billion euros ($9.5 billion) in EU loans to Ukraine in 2022 to keep the country running and to set up a 'RebuildUkraine' Facility of grants and loans, modelled on the EU's own recovery fund.

Reuters

US, banks unveil plan to ease food crisis from Russia's war

Ahead of the G7 finance ministers’ meetings, the U.S. Treasury, several global development banks and other groups have unveiled a multi-billion dollar plan meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine

The Independent UK

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More than 20,000 Russian troops killed in Putin’s invasion of Ukraine, says UK

More than 20,000 Russian military personnel have been killed in Vladimir Putin’s invasion of Ukraine, according to Britain’s armed forces minister.

Evening Standard

Russian assets could be used to rebuild Ukraine in G7 plan

America, Britain and other G7 allies are looking at how Russian assets can be used to rebuild Ukraine after the “appalling devastation” caused by Vladimir Putin’s invasion, Liz Truss said on Wednesday.

Evening Standard

Morning Digest | SC orders protection of ‘Shivling’ area in Gyanvyapi mosque; G-7 nations likely to appeal to India to reverse ban on wheat exports, and more

A select list of stories to read before you start your day

The Hindu

G7: Resumption of Economic Support to Sudan Hinges on Restoration of Civilian-Led Govt

The G7 has urged the active politicians in Sudan to agree on key negotiation issues in order to restore civil rule. “We continue to call for a return to a civilian-led transition towards an inclusive democracy and peace after the military takeover on 25 October 2021. “Restoration of a credible…

Asharq Al-Awsat

Kremlin says G7 using Russia's reserves for Ukraine would be 'outright theft'

The Kremlin said on Tuesday it would be "outright theft" for the Group of Seven economic powers and European Union to seize Russia's frozen reserves and spend them on behalf of Ukraine.

Reuters

Moscow says G7 attempts to isolate Russia make global food crisis worse

Russia's foreign ministry said on Monday that attempts by the West and the G7 group of nations in particular to isolate Moscow have worsened global food shortages.

Reuters

Ukrainian FM: ‘100% we will win, and Russia will be defeated’

Al Jazeera speaks to Ukrainian foreign minister Dmytro Kuleba on NATO, diplomacy and how he thinks the war will end.

Al Jazeera

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The Guardian - AU

Factcheck: Scott Morrison says Australia is a world leader in Covid recovery. Is he right?

It wasn’t a race, the prime minister famously said, yet now he’s claiming the win. Here’s how the numbers –on jobs, vaccines and the economy – really stack up

WEKU

G7 warn of Ukraine grain crisis, ask China not to aid Russia

The Group of Seven leading economies warned Saturday that the war in Ukraine is stoking a global food and energy crisis which threatens poor countries.

Asharq Al-Awsat

G7 Urge Tehran to Bring Successful Conclusion To Nuclear Talks

The G7 group of nations urged on Saturday Iran to benefit from the current opportunity and facilitate the nuclear talks, which have been veering between success and failure for months now. “It is high time for Iran to seize the opportunity and bring negotiations which started in Vienna more than…

Asharq Al-Awsat

Fierce Fighting in Ukraine's East but Eurovision Win Lifts Spirits

Ukraine's forces were fighting off a fierce Russian onslaught on the east of the country Sunday, after a Eurovision victory gave the country a much-needed boost of morale. President Volodymr Zelensky warned on Saturday that the war in his country risked triggering global food shortages, adding that the situation in…

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Al Jazeera

Latest Russia-Ukraine updates: Finland, Sweden to apply to NATO

News from May 15: Finland, Sweden announce decision to apply for NATO membership, setting aside decades of neutrality.

The Guardian - UK

Moscow set to call referendum on Mariupol joining Russia, says Ukraine

Kremlin poised to hold referendum in ruined city in bid to secure grip on the region

The Hindu

G7 criticises India’s decision to stop wheat exports

India says it’s worried about its own "food security".

The Guardian - UK

Russia’s Black Sea blockade pushing millions towards famine, G7 says

Foreign ministers call for action to allow export of Ukrainian grain, as Kyiv claims Russian withdrawal from second-largest city

Asharq Al-Awsat

G7 Foreign Ministers Vow to Continue Economic Pressure on Russia

Group of Seven foreign ministers vowed on Saturday to reinforce Russia's economic and political isolation, continue supplying weapons to Ukraine and work to ease global food shortages stemming from the war. After meeting at a 400-year-old castle estate in the Baltic Sea resort of Weissenhaus, senior diplomats from Britain, Canada,…

Reuters

G7 to continue economic pressure on Russia, tackle 'wheat war'

Group of Seven foreign ministers vowed on Saturday to reinforce Russia's economic and political isolation, continue supplying weapons to Ukraine and tackle what Germany's foreign minister described as a "wheat war" being waged by Moscow.

The Independent UK

G7 warn of Ukraine grain crisis, ask China not to aid Russia

The Group of Seven leading economies have warned that the war in Ukraine is stoking a global food and energy crisis that threatens poor countries

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