G7, Draghi: a success, I hope for a price cap result on gas by October

Ukraine Draghi support for Ukraine and less dependent on Russian

(Finance) – The Prime Minister, Mario Dragons, he called the G7 that took place in Germany in recent days “a success”. “Our countries have reaffirmed full and great cohesion, great unity of views in particular as regards the war in Ukraine and its consequences “, he declared at a press conference in Elmau at the end of the meeting.” We reaffirmed our commitment on the sanctions front, which is essential to bring Russia back to the negotiating table “, he added reiterating that the G7 is ready to support theUkraine for as long as necessary.

As for the crisis of the grainDraghi recalled the words of the UN secretary general Antonio Guterres who spoke of a very close “moment of truth” and added: “the situation must be unlocked quickly to store the new harvest”. “Overall there is good news” on the export of grain from Ukraine, “many of us, if not all of us thought that it was necessary to de-mine the ports, but now it seems there are, indeed there are corridors safe to pass ships through, that means buying time, “he said.

“All leaders agree on the need to limit financing to Putin – said the prime minister -, but also to remove the cause ofinflation. We urgently mandated ministers on how to apply a price cap on gas and oil. The EU will accelerate its work on the gas price ceiling, a decision that we welcome. “On the issue, he said he hopes that a result will be reached before October.” It is important that the discussion is solid – he explained -, on a rational basis and not just a psychological one “.” For now it is difficult to understand what Russia will do with gas, let’s go ahead trying to prepare ourselves, increasing the stock they investments in renewables and also long-term investments in renewables in developing countries “, he added.

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