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The Latest Breaking News from G7

U.S. accelerates Ukraine diplomacy as Europe slides into winter

Nearly ten months into the war in Ukraine, the Biden administration is intensifying diplomatic efforts to ensure that the transatlantic alliance that opposes Russia's invasion survives a bitter European winter.

Reuters

Will Putin Adhere To G7 Price Cap? EU To Face Tough Year Filling Oil, Gas Reserves

Until the Russia-Ukraine War, the European Union (EU) relied on Russia for roughly close to 40% for natural gas supply.

Zenger

When will global gas prices go down to pre-Ukraine war levels?

Energy analysts explain why much of the world can expect high prices for at least the next two years.

Al Jazeera

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G7 Considers More Air Defense for Ukraine as Fighting Rages

Russian missiles, artillery and drones hammered targets in eastern and southern Ukraine, the Ukrainian General Staff said, as global economic powers pledged to beef up Kyiv's military capabilities with a focus on air defense. The Group of Seven promised to "meet Ukraine's urgent requirements" after President Volodymyr Zelenskiy appealed for…

Asharq Al-Awsat

Ukraine's Zelenskiy pushes G7 for winter Global Peace Summit

Ukrainian President Volodymyr Zelenskiy urged leaders of the Group of Seven nations on Monday to support his idea of convening a special Global Peace Summit in winter dedicated to bringing peace to his country.

Reuters

G7 says it is setting up multi-agency platform to coordinate aid to Ukraine

Group of Seven rich nations on Monday said they would set up a multi-agency platform to coordinate aid to Ukraine and support its repair, recovery and reconstruction, with senior representatives to convene as soon as possible in January.

Reuters

Sunak faces calls from Johnson and Zelensky to give Ukraine long-range missiles

The Ukrainian President made the plea as he called a meeting of G7 leaders.

The Independent UK

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Ukraine calls for Patriot missiles to defend its grid and stop rise in refugees

Prime minister Denys Shmyhal says western air defence systems will keep power stations working despite Russian attacks

The Guardian - UK

Zelenskiy asks G7 to supply Ukraine natural gas, long-range weapons

Ukrainian President Volodymyr Zelenskiy urged the Group of Seven nations on Monday to help his government obtain an additional two billion cubic metres of natural gas and to supply it with modern tanks, artillery units and shells as well as long-range weapons.

Reuters

G7 establishes climate club to fight global warming

The Group of Seven leading economies have created an open and international climate club in which countries are to cooperate in the fight against global warming

The Independent UK

G7 to focus on boosting Ukraine's air defence - leaders' statement

The Group of Seven (G7) economic powers said on Monday they would work together to bolster Ukraine's military capabilities, with an immediate focus on air defence systems, according to a leaders' statement released by Britain.

Reuters

Russia-Ukraine war: EU agrees extra €2bn for Ukraine military support; two civilians die after Russian rockets hit Donetsk town – as it happened

EU foreign ministers sign off more money for European Peace Facility; 10 people injured in attack on Hirnyk in Donetsk region

The Guardian - AU

Zelenskyy renews diplomacy, Biden signals air defences a priority

Ukrainian president holds talks with US, French and Turkish presidents amid fierce, protracted battles on eastern front.

Al Jazeera

The signs are clear. Our destiny lies with Europe, not a ‘sovereign global Britain’ fantasy

There is a path out of this prosperity-killing shambles and Labour can lead the way

The Guardian - UK

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The Times of India

Russia oil price cap comes into force: How will it impact India

NEW DELHI: The Group of Seven (G7) nations, the European Union and Australia imposed a $60 per barrel price cap on Russian seaborne crude oil, with effect from Monday.

The Independent UK

India to make Russia its number one oil supplier in move that could scupper impact of price cap

Exclusive: Analysts tell The Independent that India is now expected to overtake EU as largest importer of Russian crude following European ban

Reuters

Number of oil tankers waiting at Bosphorus rises by five - Turkish agency

The number of oil tankers waiting in the Black Sea to cross Istanbul's Bosphorus strait on the way to the Mediterranean rose by five to 16 on Thursday, a shipping agency said, amid talks between Western and Turkish officials on steps to resolve the tanker queues there.

The Guardian - AU

Russia-Ukraine war: Putin hints at ‘long’ conflict and says risk of nuclear war is on the rise – as it happened

Russia’s president says he will use ‘all means’ available in war but another mobilisation of troops necessary at this stage

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The Independent UK

Rishi Sunak and Joe Biden agree energy partnership as US pledges to boost UK gas supply

Washington set to double liquified natural gas exports to Britain

Reuters

Putin says Russia could be fighting in Ukraine for a long time

Russian President Vladimir Putin said on Wednesday his army could be fighting in Ukraine for a long time, but he saw no sense in expanding a call-up of 300,000 reservists from September and October after serious Russian battlefield setbacks.

Reuters

Tanker delays across Turkish straits not due to Russia oil price cap - official

Disruptions in tanker traffic from Russia's Black Sea ports to the Mediterranean are a result of a new Turkish insurance rule, not the price cap on Russian oil agreed by a coalition of G7 countries and Australia, an official with the group said on Tuesday.

Reuters

Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike.

Newcastle Herald

More than Ukraine war to high coal prices as debate over price caps continue

Why price controls might not work when coal supply is so short

Asharq Al-Awsat

Saudi Aramco Drops January's Arab Light Prices for Asia

Aramco announced that Saudi Arabia has dropped the January official selling price (OSP) for its flagship Arab Light crude for Asian buyers to a 10-month low. The price is $2.20 a barrel below official selling prices for December, so the demand outlook remains fragile. The largest oil exporter set the…

The Guardian - AU

Russia claims Ukraine shelling Zaporizhzhia nuclear plant – as it happened

Moscow accuses Ukraine of ‘nuclear terrorism’; Kremlin spokesperson says there is no prospect for negotiations with Kyiv at the moment

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