Results for: G-7

In a joint statement, G-7 leaders accused China of providing material support to Russia’s war in Ukraine, including dual-use supplies that can be used in weapons manufacturing. While China has not directly supplied weapons, it has enabled Russia to produce its own, according to US President Joe Biden. The G-7 also criticized China’s non-lethal support to Russia, alongside weapons provided by North Korea and Iran. The statement condemned China’s ongoing support for Russia’s defense industrial base and called for the cessation of dual-use material transfers. Additionally, the G-7 expressed concerns about China’s anti-competitive business practices, such as subsidies for electric vehicles and renewable energy products, and its closed market for Western companies.

British Prime Minister Rishi Sunak has vowed that the United Kingdom and other Western nations will continue to support Ukraine in its war against Russia. Sunak emphasized that Ukraine’s security is paramount and that the UK is committed to providing military aid and economic pressure on Russia. The G-7 has approved a historic $50 billion loan for Ukraine, to be repaid from frozen Russian assets. Sunak stressed that Russia must pay for the destruction it has caused and that justice will prevail when Russia leaves Ukraine. The war has plunged Europe into a security crisis, but Sunak affirmed that the G-7 stands united with Ukraine until peace is achieved on its terms.