Leaders of Group of Seven wealthy democracies (G7), have convened in Germany for a three-day summit in Bavaria, with the war in Ukraine topping the agenda.
The meeting started on Sunday, with the leaders stressing on their unified position in supporting Ukraine and set out plans to mobilise hundreds of billions of dollars in infrastructure investment for the developing world.
According to the President of the United States- Joe Biden, the initiative would show the concrete benefit of partnering with democracies.
European Union Commission’s- President Ursula von der Leyen, said it would help poor countries deal with the twin economic shocks of the Covid pandemic and the war in Ukraine.
Meanwhile, many developing countries blame Western sanctions – as well as Russia’s invasion – for the rising costs of gas and oil, and the massive shortage of wheat and fertiliser.
However, details of President VOLODYMYR ZELENSKY’s address to the G7 leaders are still awaited.