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The Latest Breaking News from Group of Seven

G-7, EU set $100 price cap on Russian diesel as import ban looms

The Group of Seven nations and the European Union member states have agreed to impose a cap of $100 per barrel on sales of Russian diesel to third countries as part of an effort to limit Moscow’s revenues.

Tribune News Service

G7 agrees to review level of price cap on Russian oil in March -US Treasury

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday.

Reuters

Hiroshima Peace Museum visit likely to be on G7 summit itinerary

Arrangements are being made for the leaders of the Group of Seven nations to visit the Hiroshima Peace Memorial Museum when they visit Hiroshima for the G7 summit on May 19-21, several government sources said.

The Japan News/Yomiuri

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Kishida secures cooperation from five G7 leaders

Prime Minister Fumio Kishida has secured cooperation from the leaders of the five Group of Seven countries he visited this month on policies toward Russia and China, in preparation for the G7 summit Japan will host in Hiroshima in May.

The Japan News/Yomiuri

Report: Oil price cap takes small slice of Russia war chest

Russia's still making plenty of money from oil sales despite a price cap imposed by the Group of Seven major democracies

The Independent UK

Japan mulls inviting Yoon to May's G7 Hiroshima summit

The government is considering inviting South Korean President Yoon Suk-yeol to the Group of Seven summit meeting in Hiroshima after observing Seoul's response to an issue related to former wartime requisitioned workers, according to government sources.

The Japan News/Yomiuri

Kishida looks ahead to tackling economic, constitutional issues

How will Prime Minister Fumio Kishida deal with mounting challenges, both domestic and global? The Yomiuri Shimbun Political News Editor Shinichi Murao interviewed him about defense, the economy, diplomacy and more.

The Japan News/Yomiuri

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Japan wants G-7 to team up against ‘economic coercion’ by China

Japan wants the Group of Seven advanced economies to take a coordinated approach this year aimed at preventing the “economic coercion” that China has applied to some of its trading partners.

Tribune News Service

Putin Bans Russian Oil Exports to Countries That Imposed Price Cap

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that impose the cap. The Group of Seven major powers, the European Union and Australia…

Asharq Al-Awsat

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

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

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Reuters

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.

The Independent UK

Asian shares gain, oil prices up after Russia price cap deal

Asian shares are mostly higher and oil prices also have risen after the European Union and the Group of Seven agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports

Reuters

Zelenskiy says level of price cap on Russia oil isn't serious

The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine, President Volodymyr Zelenskiy said on Saturday.

The Guardian - AU

Russia-Ukraine war live: Kyiv says ‘sick’ packages sent to its embassies following letter bomb in Madrid – as it happened

Ukraine’s foreign minister says 17 diplomatic missions have now received suspicious packages

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Tribune News Service

EU agrees to set $60 price cap level for Russian oil exports

The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal.

Reuters

Japan will use G7, UN roles to pressure Russia on Ukraine - foreign minister

Japan will use its turn next year in leadership roles at the Group of Seven and the United Nations to pressure Russia to halt its war in Ukraine, Japanese Minister of Foreign Affairs Yoshimasa Hayashi said at the Reuters NEXT conference.

Reuters

G7 justice ministers agree to coordinate Ukraine war crime probes

The Group of Seven wealthy democracies (G7) agreed on Tuesday to set up a network to coordinate investigations into war crimes, as part of a push to prosecute suspected atrocities in Ukraine.

Asharq Al-Awsat

US, Allies to Set Russia Oil Price Cap in 'Next Few Days'

Washington and its allies are planning to finalize a price cap for Russian oil in "the next few days," as they seek to cut off a critical source of funding for Moscow, the US Treasury Department said Tuesday. The price cap would be the basis for a ban set to…

Reuters

U.S says G7 should soon unveil price cap level on Russian oil, adjust regularly

The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly, a senior U.S. Treasury official said on Tuesday.

Reuters

G7 calls for 'significant' U.N. response to North Korea missile launches

The United Nations' Security Council needs to take "significant measures" in response to the latest intercontinental ballistic missile launch by North Korea, foreign ministers of the Group of Seven (G7) major industrialised nations said on Sunday.

The Independent UK

Biden convenes ‘emergency’ G7 and Nato meeting after Russian-made rockets strike Poland

Rishi Sunak at US president’s side as G20 summit in Indonesia overshadowed by missile assault

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