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G-7 Nations Pledge to Phase Out Russian Energy Imports

Barrons2022-05-08

Ukraine's President Volodymyr Zelensky on Sunday joined a virtual meeting of the Group of Seven, which pledged to phase out their dependence on and imports of Russian energy in a way that will allow the world to find alternative energy sources.

The group, which includes Britain, Canada, Germany, France, Italy, Japan and the U.S., met to commemorate the 77th anniversary of the end of World War II in Europe, as First Lady Jill Biden and Canadian Prime Minister Justin Trudeau visited Ukraine.

Jill Biden met Ukraine's First Lady Olena Zelenska and made a surprise Mother's Day visit Sunday morning at a school inside Ukraine's borders. "I thought it was important to show the Ukrainian people that this war has to stop. And this war has been brutal," CBS reported her saying.

Trudeau's visit was also unannounced, and his office later said he was in Ukraine to meet with Zelensky and to reaffirm Canada's "unwavering support" for the Ukrainian people.

The U.S. also announced fresh sanctions against Russia, including cutting off Western advertising from Russia's three largest state-owned television stations, prohibiting U.S. accounting and consulting firms from advising Russians, bans on wood products, industrial engines and other equipment that could help Russia's military, and visa restrictions on more Russian and Belarusian military and financial officials.

The G-7 leaders issued a statement condemning Russia's "unprovoked, unjustifiable and illegal" invasion of Ukraine and its attacks against civilians for violating the United Nations Charter and international rules-based order. "We are appalled by the large-scale loss of human life, assault on human rights, and destruction that Russia's actions have inflicted on Ukraine," the G-7 leaders said, adding that Putin's actions "bring shame on Russia and the historic sacrifices of its people."

They also assured Zelensky of "our full solidarity and support for Ukraine's courageous defense of its sovereignty and territorial integrity, and its fight for a peaceful, prosperous and democratic future." They pledged that they will continue helping Ukraine defend itself now and in the future, including more than $24 billion in U.S. aid, military assistance to the Ukrainian Armed Forces, helping Ukraine defend its networks against cyber attacks, and expanding information security, economic and energy security.

Ukraine's Ambassador to the U.S. Oksana Markarova on Sunday told CBS's Face the Nation: "We know there are no red lines for the regime in Moscow, so we are preparing for everything," ahead of Russia's Victory Day observance on Monday.

Putin plans to send a "doomsday" warning to the West during this Victory Day celebration, including a flyover by supersonic fighters, Tu-160 strategic bombers, and the II-80 "doomsday" command that that would carry Russia's top brass in a nuclear war, Reuters reported.

Russia's Defense Ministry has said 11,000 troops will march across Red Square along with the display of 131 pieces of military hardware.

U.S. diplomats returned to the their embassy in Kiev on Sunday, with plans to reopen the office and raise the American flag there within weeks, CBS reported.

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Comment9

  • KevinWongWL
    ·2022-05-08
    Ok
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  • Gackky
    ·2022-05-08
    their pledge is [Facepalm] 
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  • 小金钱袋
    ·2022-05-08
    Like
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  • suresh11
    ·2022-05-08
    Pls like n comment 
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    • bshian
      Ok
      2022-05-08
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    • Kenny77
      Good news
      2022-05-08
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  • 小牛市
    ·2022-05-08
    Thanks 
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  • 小牛市
    ·2022-05-08
    Good
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  • Chitz
    ·2022-05-08
    Like
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  • Raz
    ·2022-05-08
    Ok
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  • Moneyong
    ·2022-05-08
    Like 
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