47th G7 summit

The United States said yesterday that the G7 group of nations will ban imports of Russian gold with the aim of tightening sanctions screws on Moscow and crippling its war effort in Ukraine.

"Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia," President Joe Biden said on Twitter.

Greece has declared 12 Russian diplomats persona non grata. The European Union will also sanction the import of Russian oil, the President of the European Commission told the European Parliament.

Ursula von der Leyen presented the restrictions announced on Tuesday, including a ban on buying Russian coal.

The meeting will discuss the conflict in Ukraine and potential options for helping that country, said the President of the World Bank, David Malpass.

Germany is headed for weeks, if not months, of protracted coalition haggling as Chancellor Angela Merkel's conservatives insisted on Sept. 27 on trying to form a government even after losing to the Social Democrats in a tight race.

President Joe Biden will host a virtual summit with world leaders on the coronavirus pandemic next Wednesday, a day after he addresses the United Nations General Assembly, the White House said on Sept. 17.

Italian PM Mario Draghi is working to organise a G20 summit on the situation in Afghanistan after the Taliban takeover, newspapers La Repubblica and Il Messaggero reported on Thursday. Italy holds the rotating G20 presidency.

It was only in 2015 when Law and Justice (PiS) changed the bearing, placing the alliance with Donald Trump atop the hierarchy of priorities, simultaneously setting a collision course with Europe. This change was deservedly viewed as controversial, but at least it was clear what it was guided by. At present nobody knows anything.

The Group of Seven nations agreed on June 13 to increase their climate finance contributions and meet an overdue spending pledge of $100 billion a year to help poorer countries, calling on other developed countries to join the effort.

Leaders of the Group of Major Industrialized Nations (G7) are meeting on Friday for a summit that is overshadowed by the coronavirus pandemic, dpa reported. On the first day, leaders are due to discuss recovery from the coronavirus pandemic, focusing on questions such as Covid-19 vaccine donations and financial aid to build vaccine production sites around the world.

The economies of rich countries will shrink by twice as much as they did in the Covid-19 crisis if they fail to tackle rising greenhouse gas emissions, according to research.