Saudi Arabia has warned it might sell off European debt if the G-7 seizes $300 billion in frozen Russian assets to support Ukraine. This threat highlights Saudi Arabia’s economic power and concerns that similar actions could target Gulf states in the future. The G-7, including the US and UK, supports
In response to potential sanctions influenced by President Biden, Japan’s Chief Cabinet Secretary Yoshimasa Hayashi announced considering action against companies in India, Uzbekistan, UAE, and China at the recent G-7 summit. If this turns out to be true, India might believe that its American benefactor set Japan up for this,
At the G7 Summit attended by Prime Minister Narendra Modi, industrialized nations pledged support for the India-Middle East-Europe Economic Corridor (IMEC) as a counter to China’s Belt and Road Initiative. After three days of talks that Prime Minister Narendra Modi attended, the industrialized nations that make up the Group of
G7 leaders reached an agreement to utilize frozen Russian assets as collateral for a $50 billion loan to Ukraine, with the Biden administration emphasizing that Russia will bear the repayment responsibility. Leaders of the Group of Seven (G7) met in Italy on Thursday and decided to provide Ukraine with a
The G7 summit, currently unfolding at Borgo Egnazia in Italy, is convened amidst a backdrop of political turmoil. With leaders like Macron, Trudeau, and Biden facing electoral challenges, and far-right movements gaining ground, the summit’s efficacy hangs in the balance. The democratic world desperately needs the G7 to show strong
The PGII plan was marketed by the United States as a rival to China’s BRI, with considerably greater consideration for sustainable debt burdens and environmental considerations. Let’s see how the G-7’s infrastructure plan will impact India.
Several people recount how the G7 countries failed to “tame” surging commodities futures and speculation in 2007-2008, which impacted already rising food prices and contributed to food riots in 37 countries. Here is why the west has zero moral right to lecture India on it’s wheat ban policy.
New reports suggest that due to India defying the west by refusing to sever its trade ties with Russia, it might be dropped from the next meeting of the G7.