Politics

G7 Leaders Agree on $50 Billion Support for Ukraine; Discuss Gaza Ceasefire and Climate Action

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G7 leaders in Apulia, Italy, have agreed on a $50 billion fund for Ukraine and will tackle critical issues like the Gaza ceasefire, climate change, and migration management.

G7 Summit in Apulia: Key Discussions on Ukraine, Gaza, Climate Change, and Migration

The G7 summit in Apulia, Italy, is set to address critical global issues including the war in Ukraine, the conflict in Gaza, climate change, and migration to Europe. Italian Prime Minister Giorgia Meloni, who is chairing the summit, aims to showcase her leadership following her party's success in the EU elections. Meloni emphasized the strength of her far-right coalition, contrasting it with the losses suffered by the governing parties of German Chancellor Olaf Scholz and French President Emmanuel Macron.

One of the major agreements reached by the G7 leaders is the disbursement of an additional 50 billion US dollars to Ukraine. This funding is intended to support the war-torn country and will be sourced from frozen Russian assets. The French presidency noted that this plan is an American initiative, and the loan will be repaid through the proceeds from these assets as long as they remain frozen. If the assets are released or the profits become insufficient, the G7 will need to share the financial burden.

Climate change and investments in Africa will also be significant topics of discussion. The G7 aims to enhance energy cooperation with African nations, focusing on the production of hydrogen from renewable energies. Talks will include the participation of representatives from several African and Pacific states.

The issue of migration remains a core focus for Meloni, who intends to negotiate deals with African countries to manage the influx of migrants to Europe. The EU's recent partnerships with countries like Tunisia, Morocco, Mauritania, and Lebanon will serve as a framework for these discussions, despite concerns over human rights violations in these regions.

The Middle East crisis, particularly the situation in Gaza, will be addressed with the G7 supporting a ceasefire plan proposed by US President Joe Biden. The summit will continue until Saturday, June 15, where Meloni aims to present herself as a key Western head of state amid her controversial domestic policies.

  • Ukraine's President Volodymyr Zelensky is expected to attend the summit for discussions on further arms deliveries. German Chancellor Olaf Scholz is advocating for the additional 50 billion US dollars for Ukraine to be financed collectively by the G7 and the EU.
  • Meloni has previously supported the EU's Ukraine policy at the European level, although Italy's financial contributions to Ukraine have been relatively modest compared to other EU members like Germany.
  • In summary, the G7 summit under Meloni's chairmanship is poised to tackle several pressing global issues with a focus on collaborative solutions and financial strategies, especially regarding Ukraine and climate-related investments in Africa.
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Refs: | ANSA | Merkur |

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