The game in the world market is “wild” – Satisfied with the developments, said Joe Biden: “This program is an investment that will bear fruit for everyone”
Extremely important, crucial for the image of the world in the coming decades, is judged by experts the decision of its leaders G7 to partner in a height investment plan $ 600 billionin order to “break” its investment-expansion rally Of China. Equally serious is the decision of the leaders of the seven richest countries, to impose a ban on imports of Russian gold, but also to impose a ceiling on oil prices.
China is a power that, according to experts, in two decades will be at the top both in terms of trade and military power. Her partnership with Russia creates a powerful front, which the West seems – and is doing well – to count on and fear. Taking countermeasures is like a one-way street.
The decision of the seven to create one common investment front and hit China’s investment and trade, is expected to reshape the landscape.
Satisfied with the agreement, said Joe Biden
Joe Biden welcomed the G7 countries’ agreement on the Global Infrastructure Partnership, saying it was “an investment that will pay off for all”.
“It’s not a matter of charity. “This program is an investment that will pay off for everyone, including the American people and people in all our countries, and boost our economies.” , while Chancellor Olaf Solz spoke of “an opportunity to share our positive vision for the future” and described the initiative as “another example of G7 unity”.
The two leaders stressed that their Partnership aims to support developing countries in the face of climate change, strengthen women’s rights, provide better health services and a faster and smoother digital transition. “We need a value-based alternative to China’s investment,” he said, referring to China’s New Silk Road.
In a more relaxed moment for the leaders, the British Prime Minister Boris Johnson, on the way to the established “family” photo of the meeting, asked if he should take off his jacket. “We must all show that we are tougher than Putin,” he said, referring to an indirect reference to the Russian president’s earlier appearances in which he showed off his physical body.
The White House said $ 200 billion in grants and federal funding would help low-income countries meet their financial and national security needs.
“And this is just the beginning: the United States and its G7 partners will also seek to mobilize hundreds of billions of additional funds from other like-minded partners, multilateral development banks, development finance institutions, public investment funds and more.”
Biden plans include $ 2 billion for solar mini-networks, telecommunications solar cabins in Angola. a $ 3.3 million grant to start work on a vaccine factory in Senegal. and a $ 600 million contract with a U.S. telecommunications company to build a submarine cable to connect Singapore with France via Egypt and the Horn of Africa. There is also money to study the construction of a new type of nuclear reactor in Romania.
The EU’s thoughts on Russian gold and the oil ceiling
The reservation of the European Union in this regard with the announcement of US President Joe Biden for banning the import of Russian gold and imposing a ceiling on the price of oil, said the President of the European Council Charles Michelon the sidelines of the summit in Bavaria.
“We are ready to go into more detail and see if it is possible to target gold in a way that does not hurt ourselves.”said Mr. Michel, while expressing his reservation regarding the imposition ceiling at its price oil in the producing countries discussed at the meeting. “I am careful and cautious.
“We are ready to go into detail and make a decision together with our partners, but we want to make sure that what we decide will have a negative impact on Russia and not on us,” he said.
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