More support for Ukraine, warnings to Russia, Iran and Venezuela, and condemnation of China: the keys to the G7 final document

The announcement of the G7 leaders’ summit at the Italian hotel ‘Borgo Egnazia’ includes a strong defence of it UkraineA multimillion-dollar loan backed by Russian assets as well as a democratic notice Venezuela and the disappearance of the word “abortion,” among many other topics.

The leaders of the group of the most industrialised democracies on the planet – Germany, Canada, the United States, France, Italy, Japan and the United Kingdom – have addressed the most pressing issues of increasingly turbulent world geopolitics.

These are the keys to a 36-page document resulting from intense conversations.

The first agreement of this G7 has been the loan to the Ukrainian resistance 46,000 million Euros Which will be funded by interests generated from Russian assets deposited around the world, mostly in the European Union.

Moscow has warned of “extremely painful” consequences for the measure.

The leaders also declared their commitment to punish with “”.Strong action“To the Chinese banks that are helping the Kremlin evade Western sanctions and to the Chinese companies that are helping it access technology to make weapons.

Although they did not announce any punishments against Chinese entities today, they committed to take “restrictive measures” in accordance with their legal systems, which could range from sanctions to export controls.

The leaders also expressed concern about this business practices ,InappropriateFurther assurances from China that, although they do not want to hinder the Asian giant’s growth, they want Beijing to follow the rules governing international trade.

“We are not trying to harm China or stunt its economic growth; in fact, a rising China that plays by international rules and norms would be in the global interest,” he says.

On the Middle East, the G7 asked Hamas Accepting a ceasefire deal for Gaza is included in US President Joe Biden’s plan and urgency “Countries that have influence over the Islamist group” will “help make sure that happens.”

Furthermore, Israel should refrain from conducting a “large-scale military offensive” in Rafah, which would “have even more grave consequences for civilians”, when the war has already claimed more than 37,000 lives in the Strip.

G7 leaders warn Iran in the region “Provide a rapid and coordinated response, including new and significant measures” If Tehran continues to support Russia in the Ukraine war with “ballistic missiles and related technology”, it would pose a “direct threat to European security”.

They also “demand” that he “end his malign activities and destabilizing actions in the Middle East.”

The current Italian President wants to pay special attention to Latin America and hence, the group has asked Venezuela to hold free elections with observers on July 28. Barbados Agreementand ended the harassment of opponents and the detention of all political prisoners.

In addition, the territorial dispute between Venezuela and Guyana over the Essequibo region was addressed, and Caracas was called upon to “refrain from new destabilizing initiatives.” “The matter must be resolved peacefully in accordance with international law,” he concluded.

The ‘Borgo Egnazia’ summit is clouded by the defense of abortion, a term that ultimately does not appear in the final declaration. Meloni and French President Emmanuel Macron, far-right politicians with opposing views, have continued to exchange statements on the issue.

Finally, the leaders limited themselves to reaffirming their commitment to last year’s Hiroshima Declaration, in which they committed to “address access to legal abortion and post-abortion care.”

The agreed text is as follows: “We reiterate our commitments to the ‘Hiroshima Leaders Communiqué’ for universal access to adequate, affordable and quality health services for women, including comprehensive sexual and reproductive health and rights for all.”.

The G7 advocates for “freedom of navigation in the Red Sea” and the “immediate” release of the crew of the cargo ship ‘Galaxy Leader’, held captive since November 19, 2023, when “Houthi” rebels landed a helicopter on the ship, which was seized and diverted to the Yemeni port of Al Hodeida.

(With information from EFE)