"G7"

The United States aims to raise $200 billion in private and public funds over five years to fund needed infrastructure in developing countries under a G7 initiative aimed at countering China's multitrillion-dollar Belt and Road project, U.S. President Joe Biden said at the G7 on Sunday.

Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations to counter Moscow's invasion of Ukraine, Prime Minister Fumio Kishida said on Monday (May 9).

The Group of Seven (G7) has reached a consensus to reject Russia's demand to pay for gas in rubles, said German Vice-Chancellor Robert Habeck on Monday.

At last week’s Group of Seven meeting in Belgium, Prime Minister Fumio Kishida, leader of the only G7 nation in Asia, made an effort to confirm the cooperation of the international community in dealing with North Korea, which has conducted a series of missile tests recently.

The Group of Seven agriculture ministers on Friday pledged to take action to prevent a food crisis that may happen if food supplies are disrupted as a result of Russia’s invasion of Ukraine.

The Japanese government has begun coordinating economic sanctions against Russia in the event of a military invasion of Ukraine, with a view to joining U.S.-led restrictions on exports of semiconductors and other products.

Japan will in principle take concerted action with the Group of Seven nations in imposing economic sanctions on Russia if that nation invades Ukraine, The Yomiuri Shimbun has learned.

Trade ministers from the Group of Seven industrialized nations agreed to cooperate in eliminating forced labor from international supply chains at a meeting held in London on Friday, marking the first time the G7 has presented a concrete policy to eliminate such practices.

South Korean President Moon Jae-in and Japanese Prime Minister Yoshihide Suga had agreed to hold talks on the sidelines of the G-7 summit in England, but Japan unilaterally called the meeting off, citing the Dokdo issue, according to the Foreign Ministry on Monday.

SEOUL/CORNWALL, England -- South Korea will provide $200 million in aid through next year to ensure equitable access to COVID-19 vaccines in lower-income countries, President Moon Jae-in said Saturday.

Chinas embassy in the United Kingdom said that international decisions can no longer be dictated by a small cadre of global elites, after leaders at the meeting of the G7 group of wealthy nations, which concluded on Sunday, unveiled a new infrastructure plan intended to compete with Chinas cross-border development plan the Belt and Road Initiative.

Faith leaders from around the world, including Tibetan spiritual head the Dalai Lama, have written an open letter to Boris Johnson and G7 leaders ahead of their summit on Friday, calling for vaccine patents to be waived and an increase in funding to ensure vaccines reach the poorest countries and prevent the spread of further Covid variants.