Biden and G-7 leaders to discuss new sanctions on Russia, inflation, supply chain issues
ELMAU, GERMANY — Inflation, supply chain disruptions and Russian sanctions will be on the agenda on the first day of the Group of Seven summit, which President Joe Biden is attending this week alongside the leaders of France, Germany, Canada, the UK, Italy and Japan.
G-7 leaders will discuss new ways to crack down on Russian President Vladimir Putin for his invasion into Ukraine, the White House says, and announce the launch of an infrastructure initiative that is meant to help low- and middle-income countries address their development problems better.
The latest
- Punishing Putin: G-7 nations will be looking for additional ways to weaken Russia’s economy and discipline Putin.
- It’s a balancing act: Leaders will also discuss how they can bring down oil prices and minimize Russian retaliation against countries that abide by sanctions.
- What’s complicating their decisions: Russia has already slowed the flow of gas to European countries that rely on the nation with large oil reserves, sparking fears of an energy crisis on the continent next winter.
Biden to meet with G-7 leaders in Europe amid global economic crisis, conflict with Russia
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