The U.S. has put forth one policy proposal related to the Russian invasion in Ukraine — one that could test the unanimity within the G-7.
HIROSHIMA, Japan — When President Joe Biden arrives here for the G-7 summit, he and other leaders will be focused as much — and maybe even more — on economic competition with China as they are with Russia’s ongoing war in Ukraine.
But that doesn’t mean Ukraine will be off the table. The U.S. has put forth one policy proposal related to the war — one that could test the unanimity within the G-7. It involves trade. The problem with that is that almost all of the remaining $4.7 billion in monthly G-7 exports to Russia is coming from Europe and Japan , whose leaders“The question is what compensation would go to European manufacturers and farmers and others,” said Josh Lipsky, senior director of the Atlantic Council’s GeoEconomics Center. “We’ll see how far they get. If it was easy, they would have done it already.
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