Russian Federation not welcome at G7, says Canada and UK

Clay Curtis
June 3, 2020

"Its continued disrespect and flaunting of worldwide rules and norms is why it remains outside of the G7 and why it will continue to remain out", Trudeau said.

Leaders from the Group of Seven - the US, Britain, Canada, France, Germany, Italy and Japan - had been scheduled to meet by videoconference this month but Mr Trump said on Saturday that he plans to hold an in-person summit later, possibly in September.

On Monday, Dmitry Peskov, the spokesman for Russia's president Vladimir Putin, said that "president Putin is a supporter of dialogue in all directions", but that before responding, Moscow needed to know what might be on the agenda of the proposed meeting and its format.

Borrell said G7 members "sit together because they share values, interests and commitments", and he insisted that given the coronavirus pandemic "cooperation among like-minded partners is crucial even more in such hard times". The U.S. did not formally join the deal, but Trump helped to broker it and the country's production has dropped significantly as shale producers shut down wells due to low prices and weak demand.

India's factory slump deepens in May, headcount slides: PMI
UAE firms continued to reduce employment numbers in May, although the latest fall was the softest since February. Employment fell for the fourth time in five months in May, as companies operated with only skeletal workforce.

"Russia was removed from the G7 group of nations following its annexation of Crimea and we are yet to see evidence of changed behaviour which would justify its readmittance".

European Union foreign-policy chief Josep Borrell told reporters in Brussels Tuesday Russia has failed to earn any return to the group.

"The prerogative of the G-7 chair, in this case the United States, is to issue guest invitations - guest invitations reflect the host's priorities", Mr Borrell said.

Trump is also aggressively pushing for decoupling China from global supply chains which could hurt the world's second-largest economy in the long run. Also, at about $35 a barrel, prices are below what most OPEC+ countries need to cover planned government spending. "Seeking a clique targeting China is not a popular move, and it doesn't serve the interests of countries concerned". "There are a lot of unclear elements about this proposal", he said. "So it might be a G-10, G-11, and it could be after the election is over", Trump said.

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