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Europe Decoded

The G7 wants to cap the price of Russian oil. It won't be easy.

Western countries want to use their leading insurance and shipping companies to slash the Kremlin's oil revenues.

Europe News

EU agrees new sanctions on Russia including price cap on Russian oil

"This oil cap will help reduce Russia's revenues and keep global energy markets stable," European Commission President Ursula von der Leyen said.

Russia

G7 nations pledge to impose price cap on Russian oil

Finance ministers from the G7 have pledged to impose a cap on the price of Russian oil in a bid to limit the Kremlin's revenues and ability to fund its war in Ukraine, while also curtailing the war's impact on energy prices and inflation.

Russia

Western leaders would look 'disgusting' topless, says Vladimir Putin

G7 leaders had mocked the Russian President for recent bare-chested photos of him on a horse.

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Europe News

G7 leaders agree to explore caps on Russian energy prices

This is an effort to relieve pressure on European consumers and ensure Moscow has less money to wage war in Ukraine.

Germany

Japan stresses need for solidarity on Ukraine at G7 summit

The Japanese government has expressed its solidarity with G7 leaders over the Ukraine war claiming what's happening in Eastern Europe could also happen in Indo-China

Ukraine

Five things you need to know about Ukraine war from Monday

From the Russian missile strike on a busy shopping centre in Kremenchuk to Moscow facing a possible default on its foreign debt as its economy slows down due to sanctions, here are five of the main stories about the war on Monday.

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Demonstrators gather outside G7 venue in Germany

Dozens of anti-G7 protesters demonstrate near Elmau Castle in the Bavarian Alps, where the G7 summit is being held.

Europe News

Russian economy 'degrading slowly' due to sanctions, claims VDL

Von der Leyen told Euronews that Russia was using food "to blackmail all of us, and this is really atrocious."

Germany

Zelenskyy calls on G7 to help end war with Russia 'by end of the year'

The Ukrainian leader addressed the conference in Bavaria by video. He has demanded more arms and financial aid, and more sanctions against Russia.

Germany

G7 leaders to announce ban on Russian gold imports

Gold has been the top Russian export after energy in recent years, reaching almost €18 billion in 2020.

World News

Euroviews. Blinkered by Ukraine, world waits for African children to die | View

With 1.8 million children's lives in danger and only a 'tiny, shrinking window' to prevent disaster, the G7 and international community must act, says Rania Dagash of UNICEF.

Germany

G7 host Germany warns of global hunger crisis before weekend summit

With millions of tons of grain exports blocked by Russia's war in Ukraine, the G7 is under pressure to do more to tackle potential famine in Somalia and elsewhere.

Germany

G7 pledge to decarbonise energy sectors by 2035

After three days of talks, G7 Ministers made a bid to tackle global warming with a number of pledges which will be presented to leaders next month at the G7 summit in Elmau, Germany - moves which have been largely welcomed by climate activists.

Green News

G7 countries fight to prioritise climate goals as Ukraine war rages on

The G7 consists of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

Germany

G7 countries pledge billions for Ukraine 'to get through this'

G7 finance ministers tried on Thursday to strike a new deal to keep Ukraine's budget afloat without losing sight of the global economic impact of Moscow's war.

Germany

Russia extending Ukraine military war to 'grain war', says Baerbock

The German foreign minister's comments came as the G7 warned that the war is stoking a global food crisis threatening poor countries with hunger and famine.

France

G7 leaders pledge to ban or phase out Russian oil imports

France, Germany, Italy, Britain, Japan, Canada and the USA say stopping the flow of Russian oil will cut the main artery of Vladimir Putin’s economy and deny him the revenue he needs to fund the war.

Europe News

Brussels to ban export of EU luxury goods to Russia in new sanctions

Brussels says it will ban the export of EU luxury goods to Russia

United Kingdom

UK warns of 'severe cost' if Russia invades Ukraine after G7 meeting

The UK warned Russia that any "incursion into Ukraine that would carry a severe cost" after G7 foreign ministers met in Liverpool.