U.S. Bid to Cap Russian Oil Prices Draws Skepticism Over Enforcement

The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyers’ cartel.

#embargoes-and-sanctions, #europe, #european-union, #group-of-seven, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #russia, #russian-invasion-of-ukraine-2022, #treasury-department, #united-states-economy, #yellen-janet-l

Missing From Biden’s Europe Trip: An Endgame for War and Cheaper Gas

The G7 and NATO meetings this week underscored the pressure on Western leaders caused by soaring energy costs resulting from Russia’s invasion of Ukraine.

#biden-joseph-r-jr, #economic-conditions-and-trends, #europe, #group-of-seven, #north-atlantic-treaty-organization, #oil-petroleum-and-gasoline, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states, #united-states-economy, #united-states-international-relations

Missing From Biden’s Europe Trip: An Endgame for War and Cheaper Gasoline

The G7 and NATO meetings this week underscored the pressure on Western leaders caused by soaring energy costs resulting from Russia’s invasion of Ukraine.

#biden-joseph-r-jr, #economic-conditions-and-trends, #europe, #group-of-seven, #north-atlantic-treaty-organization, #oil-petroleum-and-gasoline, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states, #united-states-economy, #united-states-international-relations

In Blow to Putin, Turkey Won’t Bar Sweden and Finland From NATO

The change was a victory for President Biden and a setback to President Vladimir V. Putin of Russia, who had justified the Ukraine invasion as a warning against NATO’s expansion.

#andersson-magdalena-1967, #civilian-casualties, #embargoes-and-sanctions, #erdogan-recep-tayyip, #finland, #group-of-seven, #international-relations, #niinisto-sauli, #north-atlantic-treaty-organization, #oil-petroleum-and-gasoline, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #stoltenberg-jens, #sweden, #ukraine

To Counter Putin, Biden Tries to Assemble an Upside-Down Cartel

President Biden led his Group of 7 counterparts to agree on a plan that would cap the price of Russian oil, a daunting goal that risks the Kremlin restricting supply even further.

#biden-joseph-r-jr, #group-of-seven, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #politics-and-government, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states

NATO Summit Aside, Europe Has an America Problem

Relying on the United States is ultimately a losing proposition.

#biden-joseph-r-jr, #defense-and-military-forces, #europe, #european-union, #group-of-seven, #north-atlantic-treaty-organization, #russian-invasion-of-ukraine-2022, #united-states

U.S. Urges New Tactic to Curb Putin’s War Machine and Lower Fuel Prices

Group of 7 leaders meeting in Germany were receptive to a Biden administration plan to cap the price of Russian oil in world markets, limiting Kremlin revenue.

#bavaria-germany, #biden-joseph-r-jr, #embargoes-and-sanctions, #group-of-seven, #international-trade-and-world-market, #north-atlantic-treaty-organization, #oil-petroleum-and-gasoline, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #stoltenberg-jens, #ukraine, #yellen-janet-l, #zelensky-volodymyr

G7 Leaders Work to Punish Russia Over Ukraine War

On the first day of their gathering, Group of 7 leaders moved to increase the economic pressure on Russia, but a missile attack on the Ukrainian capital made clear that Moscow is not backing down.

#embargoes-and-sanctions, #gold, #group-of-seven, #international-relations, #kiev-ukraine, #oil-petroleum-and-gasoline, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #ukraine

Ukraine War’s Latest Victim? The Fight Against Climate Change.

As leaders of the Group of 7 gather in Germany, the scramble to replace Russian fossil fuels is raising concerns that hard-won climate targets will be missed.

#bavaria-germany, #embargoes-and-sanctions, #germany, #global-warming, #group-of-seven, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #scholz-olaf-1958, #ukraine, #yellen-janet-l

A New Task for Biden: Readying Allies for a Long Conflict in Ukraine

In March, talk of victory was in the air. Now, maintaining unity against President Vladimir V. Putin is looking harder, with President Biden heading to Germany and Spain to rally Europe.

#biden-joseph-r-jr, #group-of-seven, #inflation-economics, #international-trade-and-world-market, #north-atlantic-treaty-organization, #russian-invasion-of-ukraine-2022, #united-states-international-relations

U.S.-Led Alliance Face Frustration Over Russia Sanctions

Vladimir V. Putin is making gains in his war on Ukraine while the United States and its allies struggle with soaring energy prices and inflation.

#biden-joseph-r-jr, #defense-and-military-forces, #economic-conditions-and-trends, #embargoes-and-sanctions, #group-of-seven, #inflation-economics, #international-relations, #oil-petroleum-and-gasoline, #putin-vladimir-v, #ruble-currency, #russian-invasion-of-ukraine-2022, #united-states-economy, #united-states-international-relations

Seizing Russian Assets to Help Ukraine Sets Off White House Debate

Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.

#assets-frozen, #banking-and-financial-institutions, #biden-joseph-r-jr, #central-bank-of-russia, #economic-conditions-and-trends, #embargoes-and-sanctions, #group-of-seven, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #treasury-department, #united-states-international-relations, #yellen-janet-l, #zelensky-volodymyr

Russia Hustles to Recruit Soldiers and Halts Gas Supplies to Finland

The war has evolved into something of a stalemate that has seriously depleted Russia’s conventional war capabilities, even as it has made some gains.

#draft-and-recruitment-military, #erdogan-recep-tayyip, #gazprom, #group-of-seven, #kharkiv-ukraine, #kyiv-ukraine, #north-atlantic-treaty-organization, #rosneft, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states-international-relations, #war-and-armed-conflicts

Economic Headwinds Mount as Leaders Weigh Costs of Confronting Russia

Top economic officials are gathering this week to discuss how to keep pressure on Vladimir V. Putin without sinking their economies.

#africa, #bonn-germany, #china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #embargoes-and-sanctions, #europe, #food, #group-of-seven, #inflation-economics, #interest-rates, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #politics-and-government, #prices-fares-fees-and-rates, #recession-and-depression, #russia, #russian-invasion-of-ukraine-2022, #shortages

Yellen Calls on Europe to Boost Ukraine Aid

The Treasury secretary warned that Ukraine did not have enough funding to sustain its government and fend off Russia.

#brussels-belgium, #economic-conditions-and-trends, #embargoes-and-sanctions, #european-union, #group-of-seven, #international-trade-and-world-market, #politics-and-government, #protectionism-trade, #russian-invasion-of-ukraine-2022, #speeches-and-statements, #treasury-department, #united-states-economy, #united-states-politics-and-government, #war-and-armed-conflicts, #yellen-janet-l

Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track

The Treasury secretary is traveling to Warsaw, Brussels and Bonn, Germany, this week at an uncertain time for the global economy.

#biden-joseph-r-jr, #bonn-germany, #brady-kevin-1955, #brussels-belgium, #corporate-taxes, #economic-conditions-and-trends, #europe, #european-union, #group-of-seven, #house-committee-on-ways-and-means, #macron-emmanuel-1977, #morawiecki-mateusz, #poland, #politics-and-government, #tax-shelters, #treasury-department, #united-states-economy, #united-states-international-relations, #yellen-janet-l

Russian Shipping Traffic Remains Strong as Sanctions Take Time to Bite

The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.

#embargoes-and-sanctions, #europe, #european-union, #government-contracts-and-procurement, #group-of-seven, #oil-petroleum-and-gasoline, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #united-states, #war-and-armed-conflicts, #yellen-janet-l

Both Sides Harden Positions on Anniversary of Nazi Defeat in Europe

The war in Ukraine was marked by posturing and signaling, with each side ramping up its rhetoric as the battle ground on.

#biden-jill-tracy-jacobs, #defense-and-military-forces, #europe, #european-union, #group-of-seven, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #world-war-ii-1939-45, #zelenska-olena, #zelensky-volodymyr

Acknowledging the Limits of Sanctions

Sanctions alone will not force Russia to end its war in Ukraine.

#bank-of-china, #central-bank-of-russia, #embargoes-and-sanctions, #government-accountability-office, #group-of-seven, #history-academic-subject, #international-relations, #russia, #russian-invasion-of-ukraine-2022, #swiftsociety-for-worldwide-interbank-financial-telecommunication, #ukraine, #united-states-international-relations

European Union countries agree to jointly purchase gas.

European leaders announced the agreement Friday, an effort to ease their reliance on Russia and contain energy costs.

#biden-joseph-r-jr, #european-commission, #european-union, #group-of-seven, #hydrogen, #natural-gas, #north-atlantic-treaty-organization, #oil-petroleum-and-gasoline, #russian-invasion-of-ukraine-2022, #storage, #united-states-international-relations

Biden to Ask Allies for More Aggressive Sanctions on Russia

A summit meeting in Brussels is expected to focus on ways to put added pressure on Moscow.

#biden-joseph-r-jr, #duda-andrzej-1972, #group-of-seven, #north-atlantic-treaty-organization, #poland, #putin-vladimir-v, #russian-invasion-of-ukraine-2022

U.S. and Allies Will Strip Russia of Favored Trade Status

The Biden administration said it would join Europe and other allies in stripping Russia of permanent normal trade relations, another step to inflict economic damage on the country over its invasion of Ukraine.

#biden-joseph-r-jr, #economic-conditions-and-trends, #european-union, #group-of-seven, #international-monetary-fund, #international-trade-and-world-market, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #united-states, #united-states-economy, #united-states-international-relations, #world-bank

Diplomats Warn Russia of ‘Massive Consequences’ if It Invades Ukraine

The foreign ministers for the Group of 7 urged Russia to pull back from the tense border standoff. Moscow has massed as many as 100,000 troops on Ukraine’s eastern, northern and southern frontiers.

#biden-joseph-r-jr, #blinken-antony-j, #group-of-seven, #international-relations, #politics-and-government, #putin-vladimir-v, #russia, #state-department, #ukraine, #united-states-international-relations, #united-states-politics-and-government

Queen Elizabeth Was Hospitalized, Palace Discloses

She was discharged on Thursday after undergoing tests the day before and spending the night. The queen, 95, had just canceled a planned trip to Northern Ireland.

#elizabeth-ii-queen-of-great-britain, #great-britain, #group-of-seven, #westminster-abbey-london

U.S. Proposal for Global Minimum Tax Gets Backing From 130 Countries

A 15 percent minimum tax rate would generate $150 billion in additional tax revenue each year, the Organization for Economic Cooperation and Development said.

#corporate-taxes, #federal-taxes-us, #group-of-seven, #organization-for-economic-cooperation-and-development

France and U.S. Agree on the Perils of a Rising China, Blinken Says

After meeting with President Emmanuel Macron of France, who says Europe should be less dependent on U.S. leadership, Secretary of State Antony Blinken told The Times they see eye to eye on key issues.

#biden-joseph-r-jr, #blinken-antony-j, #coronavirus-2019-ncov, #democracy-theory-and-philosophy, #group-of-seven, #le-drian-jean-yves, #macron-emmanuel-1977, #north-atlantic-treaty-organization, #paris-france, #united-states-international-relations

Boris Johnson’s ‘Global Britain’ Makes Shaky Start at G7 Summit

The prime minister’s plan to introduce his vision of a nimble, trade-savvy U.K. was upended by a spat over Northern Ireland.

#european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #group-of-seven, #international-relations, #international-trade-and-world-market, #johnson-boris, #macron-emmanuel-1977, #northern-ireland, #united-states-international-relations

Jill Biden Models Love and Sustainability at the G7

In her debut international trip as first lady, Dr. Biden played her part with style. Literally.

#biden-jill-tracy-jacobs, #biden-joseph-r-jr, #fashion-and-apparel, #first-ladies-us, #great-britain, #group-of-seven, #united-states-international-relations, #united-states-politics-and-government, #your-feed-fashion

G7 Nations Take Aggressive Climate Action, But Hold Back on Coal

President Biden pushed climate action after four years in which Donald Trump rejected cooperation with allies. But leaders failed to set an expiration date for burning coal.

#biden-joseph-r-jr, #coal, #global-warming, #greenhouse-gas-emissions, #group-of-seven, #international-energy-agency, #manchin-joe-iii, #united-nations-framework-convention-on-climate-change, #united-states-international-relations, #united-states-politics-and-government

G7 Leaders Offer United Front as Summit Ends, but Cracks Are Clear

Biden and other Western leaders had tough words for Russia and China after wrapping up a meeting in England, but they had trouble finding common ground on some big issues.

#belt-and-road-initiative-china, #biden-joseph-r-jr, #cornwall-england, #forced-labor, #greenhouse-gas-emissions, #group-of-seven, #international-relations, #politics-and-government, #united-states-international-relations

In Pictures: President Biden’s Trip to Europe

The president is in Cornwall, England to meet with other leaders of wealthy democracies.

#biden-jill-tracy-jacobs, #biden-joseph-r-jr, #coronavirus-2019-ncov, #europe, #group-of-seven, #johnson-boris, #north-atlantic-treaty-organization

Angela Merkel Makes a Low-Key Farewell at the G7 Summit

The German chancellor, known for her commitment to compromise, is eager to revive deal-making on multilateral policy, joining the world’s top democratic leaders one last time. Can she be replaced?

#european-union, #germany, #global-warming, #group-of-eight, #group-of-seven, #group-of-twenty, #merkel-angela, #politics-and-government

Cameras Off: G7 Summit Heralds the Return of In-Person Diplomacy

Summit meetings are always full of prepackaged “deliverables,’’ but stage management always works better when there’s an actual stage.

#biden-joseph-r-jr, #cornwall-england, #coronavirus-2019-ncov, #england, #group-of-seven, #united-states-international-relations, #videophones-and-videoconferencing

Question Looms Over This Year’s Group of 7: Where Are All the Protesters?

It’s challenging it is to be an activist this year, what with the pandemic, a hermetically sealed summit and a new American president who is hard to get too worked up over.

#biden-joseph-r-jr, #cornwall-england, #demonstrations-protests-and-riots, #group-of-seven, #johnson-boris, #trump-donald-j

Boris Johnson Is a Terrible Leader. It Doesn’t Matter.

Britain’s prime minister is slapdash, venal, incompetent — and unassailably popular.

#biden-joseph-r-jr, #conservative-party-great-britain, #cornwall-england, #coronavirus-2019-ncov, #cummings-dominic-1971, #great-britain, #group-of-seven, #johnson-boris

Biden Says U.S. Will Donate 500 Million Vaccine Doses for Poorer Countries

“When we see people hurting and suffering anywhere around the world, we seek to help any way we can,” Mr. Biden said in a speech in England, ahead of the meeting of the Group of 7 wealthy democracies.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #group-of-seven, #politics-and-government

Eighty Years Later, Biden and Johnson Revise the Atlantic Charter for a New Era

The original was the work of Churchill and Roosevelt at the dawn of World War II. The new version pledges cooperation against 21st century global challenges and rivalries.

#biden-joseph-r-jr, #churchill-winston-leonard-spencer, #cornwall-england, #cyberwarfare-and-defense, #democracy-theory-and-philosophy, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #group-of-seven, #humanitarian-aid, #johnson-boris, #north-atlantic-treaty-organization, #northern-ireland, #roosevelt-franklin-delano, #united-states-international-relations, #world-war-ii-1939-45

Dreaming of ‘Global Britain,’ Johnson Is Attacked for Cutting Foreign Aid

As Prime Minister Boris Johnson prepares to host the Group of 7 meeting, he faces a battle over efforts to cut foreign aid by a third to help make up for the costs of fighting the coronavirus.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #foreign-aid, #great-britain, #group-of-seven, #johnson-boris, #politics-and-government

U.S. and Europe Look for Tariff Cease-Fire as Biden Heads Overseas

The Biden administration is trying to ease trade tension with allies, in part to help counter China.

#airbus-industrie, #biden-joseph-r-jr, #boeing-company, #group-of-seven, #international-trade-and-world-market, #politics-and-government, #trump-donald-j, #world-trade-organization

Biden Aims to Bolster U.S. Alliances in Europe, but Challenges Loom

The good will President Biden brings on his first trip abroad papers over lingering doubts about U.S. reliability and the cost that Europe will be expected to pay.

#biden-joseph-r-jr, #china, #cold-war-era, #cyberwarfare-and-defense, #europe, #global-warming, #greenhouse-gas-emissions, #group-of-seven, #presidential-election-of-2020, #putin-vladimir-v, #russia, #trump-donald-j, #united-nations-framework-convention-on-climate-change, #united-states-international-relations, #united-states-politics-and-government

Global Tax Deal Reached Among G7 Nations

The Group of 7 nations reached an agreement over a global minimum tax that companies would pay regardless of where they are based.

#coronavirus-2019-ncov, #corporate-taxes, #federal-taxes-us, #group-of-seven, #tax-evasion, #united-states-economy, #yellen-janet-l

Global Finance Leaders Start Talks for Tax Overhaul

The overhaul under discussion includes a minimum tax that companies would pay regardless of where their headquarters were.

#corporate-taxes, #federal-taxes-us, #group-of-seven, #politics-and-government, #tax-shelters, #yellen-janet-l

U.S. Backs Global Minimum Tax of at Least 15% to Curb Profit Shifting Overseas

The Biden administration wants other countries to back a minimum tax as part of its plan to raise the U.S. corporate tax rate to 28 percent from 21 percent.

#corporate-taxes, #federal-taxes-us, #group-of-seven, #organization-for-economic-cooperation-and-development, #tax-shelters, #taxation, #treasury-department, #united-states-politics-and-government, #yellen-janet-l

Blinken and G-7 Allies Turn Their Focus to ‘Democratic Values’

A growing global competition with China and Russia looms over a gathering of foreign ministers in London.

#blinken-antony-j, #democracy-theory-and-philosophy, #group-of-seven, #london-england, #united-states-international-relations

Blinken Will Visit Ukraine in Show of Support Against Russia

The secretary of state will first meet with British officials and other American allies in London.

#biden-joseph-r-jr, #blinken-antony-j, #defense-and-military-forces, #defense-department, #group-of-seven, #presidential-election-of-2020, #russia, #state-department, #trump-ukraine-whistle-blower-complaint-and-impeachment-inquiry, #ukraine, #zelensky-volodymyr

Trudeau Was a Global Climate Hero. Now Canada Risks Falling Behind.

Canada is the only G7 nation whose greenhouse gas emissions have increased since the Paris agreement. The main reason: its oil sands.

#biden-joseph-r-jr, #canada, #carbon-capture-and-sequestration, #greenhouse-gas-emissions, #group-of-seven, #oil-petroleum-and-gasoline, #trudeau-justin

Europe Wonders if It Can Rely on U.S. Again, Whoever Wins

America’s deeply polarized politics have marked foreign policy, too, undermining Washington’s authority and reputation for reliability.

#europe, #european-union, #group-of-seven, #international-trade-and-world-market, #macron-emmanuel-1977, #merkel-angela, #north-atlantic-treaty-organization, #politics-and-government, #presidential-election-of-2020, #strategic-arms-reduction-treaty, #trump-donald-j, #united-nations-framework-convention-on-climate-change, #united-states-international-relations, #united-states-politics-and-government, #world-health-organization, #world-trade-organization

Can Biden Fix What Trump Broke?

E.U. leaders are still learning to navigate a world ever more dangerous for them, while relations with the United States grow more and more awkward.

#balkan-states, #baltic-sea, #belarus, #berlin-germany, #biden-joseph-r-jr, #canada, #coronavirus-2019-ncov, #embargoes-and-sanctions, #european-union, #group-of-seven, #johnson-boris, #lukashenko-aleksandr-g, #macron-emmanuel-1977, #merkel-angela, #navalny-aleksei-a, #north-atlantic-treaty-organization, #presidential-election-of-2020, #putin-vladimir-v, #russia, #trudeau-justin, #trump-donald-j, #united-nations, #united-states, #united-states-international-relations, #united-states-politics-and-government

Why Does Trump Put Russia First?

It’s exceedingly difficult to believe that no one told the president about the intelligence on Russian efforts to harm Americans in Afghanistan.

#afghanistan-war-2001, #group-of-seven, #pence-mike, #putin-vladimir-v, #russian-interference-in-2016-us-elections-and-ties-to-trump-associates, #trump-donald-j, #united-states-defense-and-military-forces, #united-states-international-relations

Trump Plans to Withdraw Some U.S. Troops From Germany, a Key NATO Ally

The plan is a further blow to America’s weakening European alliances and likely to be welcomed by President Vladimir V. Putin of Russia.

#baltic-region, #crimea-ukraine, #defense-department, #esper-mark-t, #germany, #grenell-richard, #group-of-seven, #merkel-angela, #north-atlantic-treaty-organization, #poland, #putin-vladimir-v, #russia, #trump-donald-j, #united-states-defense-and-military-forces, #united-states-international-relations, #world-health-organization