The G7 countries will hold a meeting as of 13:00 and the main issue of the meeting will be reusable fuels and Russian oil resources.The summit, which will start at Elmau Castle in the state of Bavaria, prepared by German Chancellor Olaf Scholz, is planned to last 3 days.
G-7 countries are looking for new markets in order to buy their needs for oil and gas supplied from Russia from other countries. The G-7 countries also plan to prevent the Kremlin from having a say in the market.
In the news published by Bloomberg, one of the US media organs, he stated that the economic pressure on Russian oil was at the top of the main agenda items of the G7 meetings. According to sources, the states exchanged information before the summit.
RUSSIAN OIL CAN BE HEAVY BROKEN BY PRICE LIMITATION
With the development of a system for imposing a price limit on Russian oil, it is expected to limit the import of Russian oil and reduce Russia’s influence on world markets.
These restrictions also increase the expectations that the rising inflation around the world may decrease. While the United States is expected to put pressure on the meetings to take these measures, European countries think that this development will bring new economic crises.
GERMAN STATE AUTHORITIES ARE GOING ON THE PATH OF AGREEMENT
It is not known how Russian oil importers such as China and India, who may ignore these sensitivities of Europe, will be persuaded to comply with this price policy.
A German government official, who made statements on the subject, stated that the problems could not be ignored by all countries.
Speaking to Reuters, the German official stated that the sensitive approach of the G7 leaders on this issue is carrying out discussions to provide a constructive environment.
YELLEN MADE EXPLANATIONS
Recently, Janet Yellen said that they are working to limit Russia’s revenues in the oil market and that they are making efforts to prevent low-income countries from being affected by this.
Yellen, who made a statement to members of the press in the city of Toronto, stated that methods were developed to keep Russia’s revenues under pressure. Yellen stated that while doing this, it would allow more oil distribution to the markets.
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