BR100 Decreased By (-0.02%)
BR30 Decreased By (-0.34%)
KSE100 Decreased By (-0.03%)
KSE30 Decreased By (-0.01%)
AGHA 6.74 Increased By ▲ 0.06 (0.9%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 57.00 Decreased By ▼ -0.32 (-0.56%)
BOP 30.35 No Change ▼ 0.00 (0%)
CNERGY 13.07 Decreased By ▼ -0.05 (-0.38%)
CSIL 5.40 Decreased By ▼ -0.01 (-0.18%)
FCCL 52.70 Decreased By ▼ -0.09 (-0.17%)
FFL 14.59 Decreased By ▼ -0.13 (-0.88%)
FNEL 1.13 Increased By ▲ 0.01 (0.89%)
KEL 6.17 Increased By ▲ 0.08 (1.31%)
KOSM 6.07 Increased By ▲ 0.34 (5.93%)
LOTCHEM 26.50 Increased By ▲ 0.04 (0.15%)
MLCF 92.99 Decreased By ▼ -0.17 (-0.18%)
NBP 164.90 Increased By ▲ 0.24 (0.15%)
NCPL 55.52 Decreased By ▼ -0.14 (-0.25%)
NPL 60.70 Decreased By ▼ -0.46 (-0.75%)
OGDC 315.75 Decreased By ▼ -0.98 (-0.31%)
PACE 9.95 Increased By ▲ 0.08 (0.81%)
PAEL 35.60 Decreased By ▼ -0.03 (-0.08%)
PIBTL 14.79 Increased By ▲ 0.11 (0.75%)
PPL 223.90 Decreased By ▼ -3.01 (-1.33%)
PRL 92.66 Decreased By ▼ -0.36 (-0.39%)
PTC 60.35 Increased By ▲ 0.09 (0.15%)
SSGC 23.75 Decreased By ▼ -0.06 (-0.25%)
TBL 8.80 Increased By ▲ 0.05 (0.57%)
TELE 7.78 Decreased By ▼ -0.02 (-0.26%)
TPL 22.34 Decreased By ▼ -0.01 (-0.04%)
TPLP 12.76 Decreased By ▼ -0.21 (-1.62%)
TREET 22.10 Decreased By ▼ -0.06 (-0.27%)
TRG 56.75 Increased By ▲ 0.19 (0.34%)
By

HIROSHIMA: The Group of Seven (G7) rich nations signalled to Russia their readiness to stand by Ukraine for the long haul while giving President Volodymyr Zelenskiy a chance to win over countries such as Brazil and India on the last day of a summit in Japan.

Distrust of China as a trading partner and determination to help Ukraine repel Russia's invasion were the key messages delivered by the world's leading democracies at the gathering in the city of Hiroshima.

But even as the G7 leaders began wrapping up their three-day meeting on Sunday, Russia claimed to have finally captured the battered eastern Ukrainian city of Bakhmut, following a months-long siege that marked the bloodiest battle of the war.

The leaders of the G7 nations - the United States, Japan, Germany, Britain, France, Italy and Canada - have debated how to respond as the conflict that began in February last year drags on.

Potential joint allied training programmes for Ukrainian pilots on US-made F-16 warplanes was a message to Russia that it should not expect to succeed in its invasion by prolonging conflict, German Chancellor Olaf Scholz said on Sunday.

Ukraine has not won commitments for delivery of the planes, but President Joe Biden and senior US officials told G7 leaders Washington supports joint allied training programmes for Ukrainian pilots on F-16s.

French President Emmanuel Macron, meanwhile, said the summit was an opportunity to convince big emerging states such as India and Brazil to come off the fence and put their support behind Ukraine.

Macron made the comment to reporters a day after calling Zelenskiy's surprise visit at the summit a "game changer".

Shortly after Zelenskiy arrived in Japan, Russia claimed victory in Bakhmut. Hours before the claims from Moscow, Ukraine had rejected a claim by Russian mercenary chief Yevgeny Prigozhin that his Wagner fighters had completed the capture of the city.

During the first day of the summit on Friday, in addition to Biden's endorsement of F-16 training, the G7 announced new sanctions on Russia.

Biden is planning to roll out a $375 million military aid package for Ukraine in Japan as well, according to a US official.

The official, speaking on condition of anonymity, said the package will include artillery, ammunition and HIMARS rocket launchers.

Zelenskiy has pushed the countries to go further on both economic and military measures.

Biden was set to meet with the leaders of Japan and South Korea on Sunday to discuss military interoperability and the economic coercion they face from China, a US official said.

Biden invited Kishida, Yoon to meet in Washington

A day earlier, the G7 leaders outlined a shared approach towards China, looking to "de-risk, not decouple" economic engagement with a country regarded as the factory of the world.

The leaders said cooperation with China was necessary given its role in the international community and heft as the world's second-biggest economy, as well as areas of common interest such as climate and conservation efforts.

But they said they would take steps to protect sensitive technology that could threaten national security, without unduly limiting trade and investment.

"We shouldn’t be naive. We know where we need to engage with China," Macron said, citing biodiversity, climate and artificial intelligence.

"But we need to preserve interests and have elements of reciprocity and protect value chains.

We don't want an escalation but on key elements we have to protect ourselves." German Chancellor Scholz told broadcaster ZDF on Sunday that the United States, Germany and other rich nations would make sure their big investments into China continue, as would supply chains and exports to China, but the G7 was sending a clear sign it was looking to pare back risk.

Comments

Comments are closed for this article.