Sunday, July 14, 2024
HomeWorld newsG7 leaders unite to hammer China on trade and Russia's lifeline

G7 leaders unite to hammer China on trade and Russia’s lifeline

Group of Seven leaders have united in criticizing China for its “harmful” trade practices and shipment of dual-use items to Russia over the war in Ukraine, just a day after unveiling a $50 billion loan to Kiev to help the country buy more weapons and rebuild. critical infrastructure.

In an attempt to likely worsen already strained ties between China and the US-led group, the world’s richest democracies have used a joint communiqué was issued late Friday to target Beijing over a range of issues, including what they see as China’s industrial overcapacity, non-market policies and Russia’s economic support.

A key part of the statement, issued at an annual summit in the resort town of Borgo Egnazia, Italy, was a pledge to take action against companies, financial institutions and other entities in China and third countries that “materially support the Russian war machine,” including those who facilitate Moscow’s “acquisition of goods for its defense industrial base.”

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

Translate »