G7 condemns Russia’s attack on Ukraine

The group of the seven great powers (G7) has condemned this Thursday, after holding a virtual summit, the Russian invasion of Ukraine, a country to which they promise “unwavering support and solidarity”. “President Putin has returned the war to Europe. He has placed himself on the wrong side of history,” they assured through a joint statement released by the German presidency.

The G7 leaders, who have come together to take tougher measures against Russia, have expressed their commitment to “democracy and its common universal values”, to sustainable development and to the needs of the international community. “We are united in the determination to give common responses both to challenges of a systemic nature and to immediate crises of our time,” the statement said.

The virtual meeting was attended by the German chancellor Olaf Scholz, canadian prime minister Justin Trudeauthe French president Emmanuel MacronItalian Prime Minister mario draghiJapanese Prime Minister fumio kishidaBritish Prime Minister Boris JohnsonThe president of United States, Joe Bidenthe president of the European Commission Ursula von der Leyenthe president of the European Council Charles Michael and NATO Secretary General Jens Stoltenberg.

They ask to stop the “bloodshed” and not recognize the independence of Donbas

The leaders have called on Russia to stop “the bloodshed”, immediately de-escalate and withdraw its forces from Ukraine, as well as to ensure the security of the OSCE Special Monitoring Mission. On the other hand, they have condemned the participation of Belarus and have urged it to comply with its international obligations.

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“In this dark hour, our thoughts are with the people of Ukraine. We are willing to support with humanitarian aid to alleviate suffering, including refugees and displaced by Russian aggression,” they declared.

Regarding the self-declaration of the independence of the Donetsk and Luhansk regions in eastern Ukraine, the G7 has asked other states not to follow the “illegal” decision taken by Putin, who has agreed to recognize them.

“We reaffirm our unwavering commitment to the sovereignty and territorial integrity of Ukraine within its internationally recognized borders and territorial waters, as well as the right of any sovereign state to determine its own future and its security arrangements,” they added, reaffirming the membership of both Crimea and Donbas in Ukraine.

“Many people in Ukraine are suffering,” Scholz said in an appearance, stating that Putin “wants to go back to the 19th century, when the great nations decided for the small ones“. “We cannot go back to the Cold War, nor to the time of 1989,” he added.

“Ready to act” in case of “interruptions” in the power supply

On the other hand, the G7 countries have announced that closely monitor global market conditions of oil and gas and ensure that they are “ready to act” in case of “interruptions” in the energy supply caused by the Russian invasion of Ukraine.

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“We are ready to act as necessary to deal with possible disturbances,” they concluded, highlighting their support for coordination between producers and consumers to guarantee the stability of world supplies.

The gas supply for Spain is not in danger due to the war in Ukraine

Russia It’s one of the Europe’s leading oil and gas suppliers, while Ukraine is a transit country. The vast majority of European energy companies are, therefore, affected by the foreseeable increase in energy prices.

In recent hours, the impact of Russia’s attack on Ukraine has been felt particularly strongly in the price of TTF natural gas futures markets, the benchmark for Europe, whose price for delivery in March on the Dutch market is It has shot up more than 60% this Thursday and has exceeded 141 euros per megawatt hour (MWh).


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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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