Home Others G7 summit begins in Germany

G7 summit begins in Germany

- Advertisement -

G7 summit begins in Germany in south Balvarian Alps Schloss Elmau – Leaders of the Group of Seven (G7) kicked off their three-day annual summit on Sunday amid lower expectations and protests.

The summit will focus on the Russia-Ukraine conflict, climate and others, while the host dampened expectations.

At the start of the meeting in the Bavarian Alps, four of the Group of Seven rich nations moved to ban imports of Russian gold to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine.

Britain said the ban was aimed at wealthy Russians who have been buying safe-haven bullion to reduce the financial impact of Western sanctions. Russian gold exports were worth $15.5 billion last year.

As the UN has repeatedly warned of an “unprecedented global hunger crisis” as a result of the Russia-Ukraine war, the G7 leaders are expected to make new commitments to food security and tackling rising energy prices.

“Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia,” President Joe Biden said as the leaders of the world’s wealthiest nations gathered in the Bavarian Alps.

As usual, are you a money changer? Join us by leaving your contact here directly and stand to gain our whole suit of software and hardware for free to help digitize your business. 🙂

Missed our recent news? Catch up on news here https://stories.cashchanger.co/american-billie-eilish-singapore-concert-21-august/

Compare & get latest best Exchange rates #SGDEUR #EURUSD #EUR #Euro #SingEuro https://cashchanger.co/singapore/sgd-to-eur

Compare Remittance best rates to send money from #Singapore to #Europe #Germany #Bavarian #德国 – https://remit.cashchanger.co/singapore/sgd-to-eur

Catch us on:
Web: https://cashchanger.co | https://remit.cashchanger.co/
Telegram: https://cashchanger.co/telegram
Facebook: https://fb.me/cashchanger
Instagram: https://www.instagram.com/cashchangercom/
#exchangerate #remittance #compareexchangerates #compareremittancerates #fxrates

Read more about G7 summit begins in Germany here https://www.globaltimes.cn/page/202206/1269086.shtml

- Advertisment -

Most Popular

7 Reasons Why you should Explore Phuket Walking Street

7 Reasons Why you should Explore Phuket Walking Street - In this story, we’ll be sharing 8 highlights you’ll want to know about Phuket...

Australia visitors can look forward to seeing extinct Tasmanian Tigers

Australia visitors can look forward to seeing extinct Tasmanian Tigers - Tasmanian tigers could be brought back from extinction if a multi-million dollar international...

Visiting Oslo for Northern lights and Famous Walrus? She’s euthanized

Visiting Oslo for Northern lights and Famous Walrus? She's euthanized - Freya the Walrus had to be put to sleep as authorities ruled the...

Visitors to US can be Covid+, but not No Vax – Djokovic

Visitors to US can be Covid+, but not No Vax - Djokovic's unvaccinated status currently means that he will be denied the opportunity to...