ELMAU, Germany — Group of Seven leaders will spend the second day of a Bavarian summit talking about a leader who was once a part of their exclusive economic club: Vladimir Putin.
Biden will try to talk European nations into ceasing all imports of Russian oil and gas. World leaders are also expected to discus capping the price of oil and gas imports to help fight inflation and further cut into Putin’s financial resources.
In 2014, G-7 nations banished Russia from their gathering over its first invasion of eastern Ukraine. Now, with Putin’s army pummeling the country, world leaders are rushing to stop him.
The latest
- Ukraine comes in focus: Leaders will spend their morning discussing ways to help Ukraine beat back a Russian offensive. They will be addressed virtually by Ukrainian President Volodymyr Zelenskyy.
- Big decisions: Zelenskyy’s speech will jumpstart conversations about additional heavy artillery shipments and the possibility of price caps on Russian oil and gas.
- Global cooperation: To keep Putin from selling oil and gas to other nations, G-7 countries need cooperation from nations outside their alliance.
- Enter India: Germany is hosting G-7 leaders this year at a resort in the Bavarian Alps. Chancellor Olaf Scholz invited India and several other countries to participate.
- Why it matters: India’s imports of Russian oil have spiked recently, as Putin offloads his reserves.
What’s about to happen
G-7 leaders will continue to discuss ways to isolate Putin. They dedicated a Monday morning session to discussing the war, White House guidance on Biden’s schedule shows.
They will work over lunch (again) — this time discussing climate, energy and health initiatives. Later in the day they will sit down with guest nations. This host of this year’s summit, Germany’s Scholz, invited the leaders of Argentina, India, Indonesia, Senegal and South Africa to attend.
Want to know more? Here’s what you missed
Biden and G-7 leaders announced a ban on new imports of Russian gold on the first day of their summit. They also launched a global infrastructure initiative.
More:Biden bans Russian gold imports as G-7 considers new sanctions over Ukraine war: Recap
