Berliner Boersenzeitung - Zelensky urges G7 to help end Ukraine war by winter

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Zelensky urges G7 to help end Ukraine war by winter
Zelensky urges G7 to help end Ukraine war by winter / Photo: Sergei SUPINSKY - AFP

Zelensky urges G7 to help end Ukraine war by winter

President Volodymyr Zelensky on Monday urged world powers to do their utmost to help end Russia's invasion by the end of the year, as G7 leaders planned new sanctions and vowed to support Ukraine "as long as it takes".

Text size:

US President Joe Biden and his counterparts from the Group of Seven rich nations, meeting for three days in the Bavarian Alps, promised to tighten the economic screws on Moscow over its February 24 invasion.

They also put on a show of unity over Ukraine, even as the fallout from the war intensifies with soaring energy and food prices driving up global inflation.

"We will continue to provide financial, humanitarian, military and diplomatic support and stand with Ukraine for as long as it takes," the G7 said in a statement on the summit's second day.

Addressing the gathering via video-link, Zelensky urged leaders to help end the war before winter sets in and conditions for his troops become tougher.

He urged allies to keep up the pressure and "intensify sanctions" on Moscow, including by imposing an oil price cap to limit Russia's energy revenues.

German Chancellor and summit host Olaf Scholz signalled the G7's readiness to do more, saying "we will continue to increase pressure on (Vladimir) Putin. This war has to come to an end".

Among the new steps being discussed by G7 leaders is the price cap on Russian oil imports sought by Zelensky and sanctions targeting Russia's defence industry.

Washington meanwhile is planning to send Ukraine sophisticated anti-aircraft missiles, a source familiar with the process told AFP.

Zelensky has long asked allies for more powerful defences against Russian attacks.

An announcement is "likely this week" on the purchase of an "advanced medium to long-range surface-to-air missile defence system", the source said.

The summit of the G7 -- which comprises the US, Germany, Britain, France, Italy, Japan and Canada -- ends on Tuesday.

It will immediately be followed by a meeting of NATO countries in Spain, where Ukraine is again expected to dominate the agenda.

- 'Toughest days' -

Since failing to capture Kyiv early in the war, Russian troops have focused on the eastern Donbas region where they have been gaining ground.

Two women were killed by Russian bombardments on the north-eastern Kharkiv region over the past 24 hours, a local official said on Monday.

Russian shelling also continued in and around the eastern city of Lysychansk, after Russian forces at the weekend took full control of its twin city and industrial hub Severodonetsk following weeks of fierce fighting.

"Lysychansk and nearby villages are living their toughest days. Russians destroy everything on their way," said Lugansk regional governor Sergiy Gaiday.

Taking Lysychansk would give Russia control of the entire Lugansk region in the Donbas.

- 'Safe return' -

With concerns growing over the fate of Ukrainians in occupied areas, G7 leaders told Moscow it must "immediately allow the safe return" of citizens taken to Russia against their will.

The grouping also voiced "serious concern" over Putin's weekend announcement that Russia will deliver missiles capable of carrying nuclear warheads to Belarus in the coming months.

"We urge Russia to behave responsibly and exercise restraint," it said.

Kyiv meanwhile was reeling from the first Russian strikes on the capital in three weeks. A missile attack struck a residential building early on Sunday, Ukraine said, leaving one person dead.

Russia denied it had hit a civilian target, however, saying its forces had struck the Artyom weapons factory in the neighbourhood.

Moldova's President Maia Sandu visited neighbouring Ukraine on Monday.

Her country, one of Europe's poorest, has taken in tens of thousands of Ukrainian refugees.

Both nations received candidate status from the European Union last week, although the path to bloc membership is set to take years.

- Gold, oil, tariffs -

G7 members kicked off their gathering on Sunday by announcing a plan to ban imports of Russian gold, the latest in a series of sanctions aimed at punishing Putin.

A senior US official on Monday said the G7 had also made progress on talks for a price cap on Russian oil.

The move would have the twin goals of starving the Kremlin of a key revenue stream for its war machine, while forcing down the price of Russian oil in the hope of reining in inflation, the official said.

European Council President Charles Michel however said on Sunday that all 27 member states would have to agree to such a price cap, which would require tweaking existing sanctions.

Biden and his G7 counterparts will also unveil new sanctions designed to hamper Russia's ability to resupply its weaponry, a senior US official said.

The leaders likewise share the view that money collected from higher trade tariffs imposed on Russian exports should be funnelled as aid to Ukraine "to ensure that Russia pays for the cost of its war", the official added.

- Food crisis -

One of the most worrying spillover effects of the war has been the threat of food shortages in vulnerable countries, as Russia's blockade of key ports holds up vital Ukrainian cereal exports.

With millions of tonnes of grain trapped in silos, concerns are growing that African nations highly reliant on Ukrainian deliveries could face famine.

"We urgently call on Russia to cease... enable free passage of agricultural shipping from Ukrainian ports in the Black Sea," G7 leaders said.

Russia denies being responsible for the delivery disruptions and says Western sanctions are to blame.

Non-G7 countries Argentina, India, Indonesia, Senegal and South Africa have also joined the summit.

Indonesian President Joko Widodo, who will host a G20 summit in November, said he would also visit Ukraine and Russia in the coming days to ask Putin and Zelensky to open a dialogue for peace.

Indonesia, like most major emerging economies, has tried to maintain a neutral position, and Widodo has not bowed to Western pressure to exclude Putin from the November meeting.

(S.G.Stein--BBZ)