TODAY IN GERMANY: @POTUS Biden meets with German @Bundeskanzler ahead of the formal launch of the #G7. Aides say the two leaders are set to discuss Russia and Ukraine and “continued close coordination on the political and diplomatic front.”
Also on the Biden-Scholtz agenda: security assistance, financial support, sanctions on Russia, transatlantic security issues, Climate change, energy, senior administration officials say.
Later, aides say the opening session of the #G7 is set to focus on the global economy and discussing “core problems that are top of mind” like energy security, food insecurity due to Russia’s invasion of Ukraine.
Notably, when discussing the “core problems” facing the global economy, aides who briefed reporters never explicitly used the word “inflation” but instead made reference to “headwinds” facing economies.
The summit is also set to focus on @POTUS Biden’s call for the #G7 to launch a global infrastructure program to counter China’s Belt and Road Initiative. No details yet on the size, scope and focus of that, but more is expected later today.
And there will be more detail today on plans for the U.S. and at least some #G7 countries to ban the export of Russian gold, a move further designed to isolate the Putin-led economy.
More details in this tweet as @POTUS Biden confirms plans for G7 nations to ban Russian gold imports:
https://twitter.com/POTUS/status/1540945453998436353
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