President Joe Biden and his Group of Seven allies will huddle in the Bavarian Alps today to confer on strategies to secure energy supplies and tackle inflation.
Biden and Scholz did not have an extensive discussion about oil price caps or inflation, said a senior administration official. The leaders agreed, however, on the need for a negotiated end to the Ukraine war, but did not get into specific on how to achieve it, said the official, who requested anonymity to reveal details of a private conversation.
European Council President Charles Michel said EU governments were ready to supply “more military support, more financial means, and more political support” to enable Ukraine to defend itself and “curb Russia’s ability to wage war.” Biden, who arrived in Germany early Sunday, said G-7 nations, including the United States, will ban imports of gold from Russia. A formal announcement was expected Tuesday as the leaders hold their annual summit.
“Putin is squandering his dwindling resources on this pointless and barbaric war. He is bankrolling his ego at the expense of both the Ukrainian and Russian people,” Johnson said. “We need to starve the Putin regime of its funding.” Among the issues to be discussed are price caps on energy, which are meant to limit Russian oil and gas profits that Moscow can pump into its war effort. The idea has been championed by U.S. Treasury Secretary Janet Yellen.
“There’s no watering down of climate commitments,” John Kirby, a spokesman for Biden's National Security Council, said Saturday as the president flew to Germany.
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Biden, G-7 Leaders Huddle on Energy, Inflation, Ukraine WarPresident Joe Biden and his Group of Seven allies will huddle in the Bavarian Alps on Sunday to confer on strategies to secure energy supplies and tackle inflation.
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