Biden praises alliance unity against Russian invasion of Ukraine

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President Joe Biden hailed the alliance’s continued unity in the face of Russia as he and other leaders of the G7 nations discussed efforts to keep the pressure on in their efforts to isolate Moscow during its invasion of the EU. ‘Ukraine.

Mr Biden and his counterparts were meeting to discuss how to secure energy supplies and tackle inflation, in a bid to prevent the fallout of war from shattering the global coalition working to punish Moscow.

They were set to announce new import bans on Russian gold, the latest in a series of sanctions that the G7 hopes will further isolate Russia economically following its invasion of Ukraine.

The leaders were also meeting in a new global infrastructure partnership intended to provide an alternative to Russian and Chinese investment in the developing world.

“We have to make sure we all stick together,” Biden said during a pre-summit meeting with German Chancellor Olaf Scholz, who holds the rotating G7 presidency and is organizing the rally.

“You know, we’re going to keep working on the economic challenges we’re facing, but I think we’ll get through all of this.”

Mr Scholz said the ‘good message’ is that ‘we all managed to stick together, which Putin did not expect’, a reference to Russian President Vladimir Putin, who sent his army from the other side of the border with Ukraine at the end of February.

“We have to stick together, because Putin counted, from the beginning, on the split of NATO and the G7, but we did not do it and we are not going to do it”, answered Mr. Biden.

He added: “We cannot let this aggression take the form it has and get away with it.”

Hours before the official opening of the summit in Bavaria, Russia launched missile strikes against the Ukrainian capital on Sunday, hitting at least two residential buildings, Kyiv Mayor Vitali Klitschko said. These were the first such strikes carried out by Russia in three weeks.

Joe Biden (left) said Olaf Scholz’s tough response to Russian aggression had set an example for other European leaders (Leonhard Foeger/Pool/AP)

Mr Biden condemned Russia’s actions as “more of their barbarism”.

Other leaders echoed Biden’s praise for coalition unity.

The head of the European Union’s Council of Governments said the 27-member bloc maintained “unshakable unity” in backing Ukraine against Russia’s invasion with money and political support, but that ” Ukraine needs more and we are committed to providing more”.

European Council President Charles Michel said EU governments were ready to provide “more military support, more financial means and more political support” to enable Ukraine to defend itself and “limit Russia’s ability to wage war”.

The EU has imposed six rounds of sanctions against Russia, the latest being a 90% ban on Russian crude oil imports by the end of the year. The measure targets a pillar of the Kremlin’s finances, its oil and gas revenues.

Mr Biden and the leaders of the UK, Canada, France, Germany, Italy and Japan, as well as the EU, spent Sunday in formal and informal settings, including working sessions on the effects of war on the global economy, including inflation, and on Infrastructure.

G7 summit in Germany
German Chancellor Olaf Scholz (center left) and his wife Britta Ernst (center right) welcomed European Council President Charles Michel (left) and his wife Amelie Derbaudrenghien to the G7 summit (Martin Meissner/AP/ PA)

The US president said G7 countries, including the US, would ban gold imports from Russia. A formal announcement was expected on Tuesday as the leaders hold their annual summit.

Senior Biden administration officials have said gold is Moscow’s second biggest export after energy and that banning such imports would make it harder for Russia to participate in global markets.

Among other issues to be discussed is the cap on energy prices, which aims to limit Russian oil and gas profits that Moscow can inject into its war effort.

Michel said price caps on Russian oil imports were under discussion. But he said ‘we want to get into the details, we want to tweak…to make sure we have a clear understanding of what the direct effects are’ if such action were to be taken by the group.

Leaders were also expected to discuss how to sustain climate change commitments while addressing critical energy supply needs brought about by the war.

After the summit wraps up on Tuesday, Biden will travel to Madrid for a summit of leaders from NATO’s 30 members to align strategy on the war in Ukraine.

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