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BBCNEWS World July 6, 2024



as you ve been hearing, leaders of seven of the world s top economies are meeting in the city of hiroshima. but it s the two that aren t attending that will be talked about the most. as well as new sanctions on russia they ll be focusing on china and how to counter its increasing economic power. as the bbc s nick marsh in hiroshima explains. the g7 kicked off and the two biggest issues on the agenda are a war in ukraine and the economic containment of china. on that first subject the us got off to a quick start before the summit had even begun. they announced a fresh batch of sanctions targeting russia and its ability to source battlefield materials. they are also trying to tighten the ability of russia to use third country loopholes to evade those sanctions. britain as well has announced a ban on the importation of russian diamonds, of copper, nickel, aluminium as well that comes from russia. these are the actions of individual countries. the real challenge will be whe ....

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BBCNEWS World Business Report June 4, 2024 10:32:00

Nickel, aluminium as well that comes from russia. these are the actions of individual countries. the real challenge will be when there is a joint statement produced that comes to an agreement between all g7 members and how it wants to target russia in punishment for its invasion of ukraine. don t forget each individual country has its own economic and domestic priorities. the european countries, well, they have more exposure to russian trade so they can t go for the all out export ban, for example, that washington has been trying to push. the same goes for the containment of china. the us want a heavy push on investment in china, trying to contain china economically. they accuse beijing of economic coercion, weaponisation china s vast economy in order to punish or persuade smaller countries to do what beijing likes. but it is not so easy, especially for the european ....

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