They should also make clear that although Ukraine is consuming attention in Western capitals, efforts to resolve other conflicts and mitigate the suffering they cause, notably through the G7’s financial muscle, remain on their agendas.Īlthough the G7 has no doubt lost some of its capacity to shape global economic affairs in recent decades, it remains influential. G7 leaders need to show that they are listening to other states’ concerns and can respond effectively. But sanctions have contributed to the cascade of global shocks. Western officials deny such accusations, and certainly Russia, through its invasion and occupation of part of Ukraine, is primarily responsible for the war’s ramifications. and its allies are exacerbating the economic crisis through their use of sanctions against Moscow. But they also express concern that the U.S. Many governments in Africa, Asia and Latin America have condemned Russia’s assault on Ukraine. While the G7 leaders will doubtless take Russia to task over its aggression in Ukraine, they must also signal to the rest of the world that they care about other crises, particularly the widespread economic woes. Spiralling food and fuel costs threaten to worsen the humanitarian plight of people caught up in existing crises, spark unrest and instability in other poorer nations, and drive political upheaval in the G7 countries themselves. The second concerns the grim state of the global economy, rocked not just by war but also the COVID-19 pandemic. The first is what to do about Russia’s war in Ukraine. Two overlapping challenges will dominate discussions among the G7. From 26 to 28 June, German Chancellor Olaf Scholz will host his counterparts from the Group of Seven industrialised nations (Canada, France, Italy, Japan, the United Kingdom and United States) in the Bavarian castle of Schloss Elmau for their annual summit.
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