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The Latest Breaking News from G7

Are Crypto's Wild West Days Over? Bank Of Japan Official Says G7 Nations Should Adopt Common Crypto Regulation

Cryptocurrency may be in for widespread international regulation as fears of tax and sanction evasion cause more and more pressure toward the development of an international crypto regulatory framework.

Benzinga

India defends buying discounted Russian oil despite appeal by Truss

Foreign secretary urges democracies to join in applying sanctions to Russia after Ukraine invasion

The Guardian - UK

Analysis-Japanese PM Kishida decided weeks ago to keep Russian gas

Japanese Prime Minister Fumio Kishida's announcement on Thursday that he would not abandon a massive Russian gas project was decided weeks ago when he told top officials in private he wouldn't risk Japan's energy security, three sources said.

Reuters

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Biden team weighs a massive release of oil to combat inflation

WASHINGTON: The Biden administration is weighing a plan to release roughly a million barrels of oil a day from US reserves, for several months, to combat rising gasoline prices and supply shortages following Russia’s invasion of Ukraine, according to people familiar with the matter.

The Times of India

Germany says to still pay for Russian gas in euros/dollars after Scholz-Putin call

Germany will continue to pay for Russian gas in euros or dollars, a government spokesman said, adding that Russian President Vladimir Putin had told the German chancellor nothing would change for European partners despite his plan for rouble payments.

Reuters

Britain is not seeking to remove Russia's Putin - PM Johnson

Britain is focused on helping protect Ukrainians from the war and is not aiming to remove Russian President Vladimir Putin, Prime Minister Boris Johnson said on Wednesday.

Reuters

Vladimir Putin's next move could have huge impact on Ireland and the cost of living

Currently Russia supplies about 40 per cent of Europe’s gas needs.

Irish Mirror

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Scholz, Biden and allies agree to keep pushing for Russian ceasefire - German govt

The leaders of Germany, the United States, France, Britain and Italy agreed in a phone call on Tuesday afternoon to keep pushing Russia for a ceasefire and for the withdrawal of its troops from Ukraine, a German government spokesman said.

Reuters

EXPLAINER: What would paying for natural gas in rubles mean?

Russia is demanding payment in rubles for its natural gas exports to Europe

The Independent UK

A False Dawn for Liberalism?

Why the War in Ukraine May Not Revive the West

Foreign Affairs

Russia sanctions: Heineken and Carlsberg join firms severing ties over Ukraine invasion – see full list

Banks, businesses, oligarchs and Cabinet ministers all targeted with harsh economic penalties by Western democracies as punishment for Vladimir Putin’s actions

The Independent UK

Germany: G7 rejects Russia's demand to pay for gas in rubles

Germany’s energy minister says the Group of Seven major economies have agreed to reject Moscow’s demand to pay for energy imports from Russia in rubles

The Independent UK

Russia-Ukraine latest updates: Biden defends Putin remarks

Ukraine news from March 28: Joe Biden refuses to backtrack after saying Vladimir Putin ‘cannot remain in power’.

Al Jazeera

Yes, there is much more the democracies can do to ensure Vladimir Putin’s defeat

Fears of escalation are weakening the west’s full commitment to sanctions against Russia and military support for Kyiv

The Guardian - UK

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Daily Mirror

Chernobyl nuclear disaster fears as Russians shell Ukrainian town where staff work

G7 leaders have come together this week to warn that Russia's attack on the site in Ukraine could lead to another nuclear "catastrophe" as Russian forces destroyed a laboratory at the Chernobyl plant

The Independent UK

What is the G20 and could Russia be expelled?

US president Joe Biden backs Vladimir Putin’s banishment from summit of world’s major economies as punishment for Ukraine war

Evening Standard

The UK’s security now needs vital reappraisal

The flurry of three summits in Brussels, Nato, the EU and G7, was to be pivotal — an ultimate pledging conference — for the conflict in Ukraine and the security of the entire region. It is set to go on far longer than most politicians and generals seemed to imagine.

Birmingham Post

Government creates £1m G7 legacy fund for Cornwall's green energy innovators

Cornish energy entrepreneurs can bit for ring fenced slice of £10m Energy Entrepreneurs Fund

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Radio France Internationale

France urges food security crisis plan to avoid famine stoked by Ukraine war

French President Emmanuel Macron has called for an urgent international food security plan to avert "famine" in vulnerable countries, notably in Africa, after the Russian war in Ukraine saw a sharp drop in cereal exports.

The Independent UK

Ukraine can win says Johnson, as Russian forces driven back from Kyiv

British military intelligence said Ukrainian counter-attacks have taken back towns and defensive positions around the capital.

Al Jazeera

US, EU announce plan to reduce European reliance on Russian gas

New joint task force to work on slashing the bloc’s dependence on Russian fossil fuels.

Al Jazeera

NATO, G7, EU raise stakes for Russia, pledge new aid for Ukraine

West promises more aid for Ukraine, but pledges fall short of Kyiv’s calls for a no-fly zone, an embargo on Russian oil.

ABC News

With NATO and the US in a 'proxy war' with Russia, ex-CIA boss Leon Panetta says Joe Biden's next move is crucial

NATO has agreed to ramp up its military presence on Ukraine's doorstep, but Volodymyr Zelenskyy's calls for tanks and jets have so far been rejected. With no clear picture of how the war will unfold from here, experts warn the world is facing a "pivotal and dangerous moment".

Al Jazeera

Latest Ukraine updates: Russia says first phase of war near end

Ukraine war news from March 25: Russian general says Moscow will push to fully capture eastern region of Donbas.

The Guardian - US

Biden seeks to reassure Europe as he walks tightrope over Ukraine crisis

President reiterated his message to Brussels that America is back, while he promises to impose sanctions on 300 members of the Russian parliament

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