President Biden and seven countries announced a new ban on gold imports from Russia and signed the Global Infrastructure Investment Partnership (PGII), a new framework to respond to China's Belt and Road Initiative.
Following the US-led ban on Russian gas imports, the G7 and the European Summit are continuing this G7 and European summit to block the import of Russian gold, which accounts for 10% of the world gold market.
Foreign media reported that President Yoon Seok-yeol will attend the NATO summit following the G7 as a partner country and focus on exporting nuclear power plants.
The PGII to promote infrastructure investment by developing countries and other countries in the G7 countries that will respond to China was announced on the 26th with a total investment of $60 billion by 2027 by attracting private funds to attract government investment.
Speaking with G7 leaders in southern Germany, US President Joe Biden said of the Belt and Road initiative, "Our investments are fundamentally different, based on shared values, and truly improve people's lives."
Earlier, the U.S. government announced plans to invest $200 billion over five years, including private investment, citing the environment, digital and health as key areas.
The US-led G7 and European Summit will agree to an investment of US$40 million in the US Agency for International Development (USAID) project to accelerate the adoption of clean energy in Southeast Asia and US$3.3 million in Senegal to support the development of a coronavirus vaccine. reported on the 27th.
At the G7 summit held in Elmau, southern Germany, the priority goal was to block China's economic support system, the Belt and Road Initiative, as a means of economic support for developing countries.
At the G7, Japanese Prime Minister Kishida aimed at China's aid to developing countries, saying, "The G7 needs to come up with measures to deal with China's unfair and opaque development finance." The case of Hambantota Port, which effectively yielded profits to China because there is no such thing, was presented.
President Biden tweeted on the 26th that "as part of additional sanctions against Russia, the G7 will ban gold imports from Russia" and "this is in order not to give Russia money to invade Ukraine."
British Prime Minister Boris Johnson has announced in a statement that the gold import ban will be "a direct blow to the heart of Russian oligarchs and Putin's 'war machine'," VOA reported.
On the 28th, VOA announced that it would make an official announcement about the ban on gold imports from Russia.
President Yoon is expected to attend the NATO summit and generate the highest sales in countries promoting the introduction of nuclear power plants. Yomiuri reported on the 27th that the administration was meanly criticized.
Yomiuri continued, “CEO Yoon, a conservative who took office in May, has been insisting on the necessity of nuclear power as an energy policy since the presidential election. said that
The 30 member countries of the NATO Summit will be held on the topic of discussion after the war in Ukraine on the 29th, and Australia and New Zealand will be invited as Asia-Pacific partners other than Japan in the G7 this time, and Japan will have a say in the G7 on the 26th and 27th. reinforced
Germany's nuclear power reduction policy was carried out by exchanging power with France's nuclear power, and Europe is connecting to its own country a power circulation system that connects the 'international interconnection line' centered on Germany and Francois.
In Germany, 17% of nuclear power plants are nuclear power plants, and 67% of France is nuclear power plants. At 47.8 TWh, the power lines between countries were connected to European countries.
The domestic power systems of European countries, centered on Germany, are a system in which interconnection is extensively connected to other European power systems in a 'ring (loop)', and Korea follows Japan, which is a single transmission system of transmission path connection at substations. With no experience in international power negotiations due to the 'radial type', nuclear power plant exports appear to be limited to the Middle East.