G7 summit kicks off in Germany

Germany : Leaders of the Group of Seven (G7) kicked off their three-day annual summit in Schloss Elmau in south Germany’s Bavarian Alps. The summit will focus on the Russia-Ukraine conflict, climate and others. The ongoing Russia-Ukraine conflict, especially further sanctions against Russia, will dominate the discussions at the summit of the world’s major industrialised countries, as US President Joe Biden said on Sunday morning that the G7 would impose a ban on imports of Russian gold, Xinhua news agency reported. In the first working session on Sunday, the leaders discussed global economic issues. All G7 countries are concerned about the crises that are currently being dealt with: falling growth rates in some countries, rising inflation, shortages of raw materials and disruption to supply chains, according to the host German Federal Chancellor Olaf Scholz.