• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Monday, December 15, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Biden heads to G7 summit focused on Ukraine aid, China’s support for Russia

June 12, 2024
in Markets
Biden heads to G7 summit focused on Ukraine aid, China’s support for Russia
Share on FacebookShare on TwitterWhatsapp

WASHINGTON: US President Joe Biden flies to Italy on Wednesday for meetings with Group of Seven leaders aimed at increasing pressure on Russia over its war against Ukraine and China for its support of Moscow and excess industrial capacity.

The G7 leaders arrive at the summit confronting myriad woes at home even as they seek solutions for many of the world’s most pressing problems.

Biden, 81, spent Tuesday evening at his home in Wilmington, Delaware, after a 12-member jury convicted his son Hunter Biden of lying about his drug use to illegally buy a gun in 2018, making him the first child of a sitting US president to be convicted of a crime.

The trial followed the May 30 criminal conviction of Republican former President Donald Trump, the first former US president to be found guilty of a felony.

Biden and Trump are running against each other in the November presidential election and are neck-and-neck in the polls.

The heads of the world’s most developed democracies will address multiple challenges during the June 13-15 meeting, including wars in Ukraine and the Middle East, trade imbalances with China, threats posed by artificial intelligence and development challenges in Africa.

‘No one above the law’: Biden

The leaders will announce new sanctions and export controls against Russia that target entities and networks helping President Vladimir Putin’s forces fight the war in Ukraine, White House spokesperson John Kirby said on Tuesday.

“We’re going to continue to drive up costs for the Russian war machine,” Kirby said. Washington plans to widen sanctions on the sale of semiconductor chips and other goods to Russia, with the goal of targeting third-party sellers in China, sources familiar with the plans said late on Tuesday.

The administration will announce it is broadening existing export controls to include US-branded goods, not just those made in the United States, the sources said.

It will identify certain Hong Kong entities it says are shipping goods to Moscow.

Shoring up funding for Ukraine will be a top priority at the G7 meeting, with US and European officials eager to lock in solutions, ahead of a possible Trump re-election and the uncertainty it would raise over future US support for Kyiv.

Tags: British Prime Minister Rishi SunakChinaG7 leadersRussian Ukraine conflictUkraineUkraine peace summitUkrainian President Volodymyr ZelenskiyUS president Joe Biden
Share15Tweet10Send
Previous Post

Hezbollah fires scores of rockets at northern Israel as Gaza cease-fire talks hang in the balance

Next Post

At least 35 killed, dozens injured in massive Kuwait building fire

Related Posts

Stocks surge, KSE-100 gains over 1,000 points ahead of MPC
Markets

Stocks surge, KSE-100 gains over 1,000 points ahead of MPC

December 15, 2025
Japan’s Nikkei sinks as tech shares track US peers lower
Markets

Japan’s Nikkei sinks as tech shares track US peers lower

December 15, 2025
Kiwi dollar, market rates fall as RBNZ chief warns financial conditions tightening
Markets

Kiwi dollar, market rates fall as RBNZ chief warns financial conditions tightening

December 15, 2025
India equity benchmarks set for muted start on caution over foreign flows
Markets

India equity benchmarks set for muted start on caution over foreign flows

December 15, 2025
Indian rupee to hover near all-time low on fragile risk tone, skewed flows
Markets

Indian rupee to hover near all-time low on fragile risk tone, skewed flows

December 15, 2025
Weekly Cotton Review: Spot rate up Rs100 amid sharp drop in trading volume
Markets

Weekly Cotton Review: Spot rate up Rs100 amid sharp drop in trading volume

December 15, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.