Moscow plans to increase its oil supply to the Asian markets in response to the G7’s proposed price caps, Russian Energy Minister Nikolai Shulginov told reporters on Sept. 6. “Any actions to impose a price cap will lead to deficit on [initiating countries’] own markets and will increase price volatility,” Shulginov said, according to Reuters….
Russia Plans to Boost Asian Oil Sales Following Proposed G7 Price Cap
September 6, 2022
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G7 Calls on China to Stop ‘Threatening Actions’ around Taiwan
August 3, 2022
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G7 ministers issued a statement on Aug. 3 in response to the Chinese Communist Party’s (CCP) military and diplomatic posturing over Taiwan, calling on the regime to cease its aggressive behavior in the region. “We are concerned by recent and announced threatening actions by the People’s Republic of China (PRC), particularly live-fire exercises and economic…
Competing Directly With Belt and Road Initiative Spells Disaster for Western Taxpayers
July 3, 2022
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Commentary U.S. President Joe Biden’s announcement at the 2022 G7 meeting that $600 billion would be given to the developing world should set off alarm bells across the West. What is driving this massive transfer of wealth from the developed world to developing countries? The reason is the U.S. State Department, and Biden managed to…
Air Force Reactivates Unit Over China Threat
Seven democratic powers invited India and South Africa to this week’s G-7 summit. The move sought to strengthen the West’s front against China and Russia, but the result may not be so clear-cut. One G-7 member nation in particular remains deeply involved in China’s Belt and Road Initiative. For now, its next move remains to…
Canada to Expand Infrastructure to Help Europe Quit Russian Energy, Trudeau Says
Canada will help Europe reduce its dependency on Russian oil and coal by expanding infrastructure among other measures, Prime Minister Justin Trudeau announced on June 28 at the G7 meeting in Germany. “Canada, obviously, as an oil and gas producer, is ensuring that in the short term we’re doing what we can to alleviate pressures,”…
G-7 Aims to Raise $600 Billion to Counter China’s Belt and Road Initiative
Seven world powers are looking to counter China with a new project and hundred-billion dollars in funding. It’s designed as an answer to China’s Belt and Road Initiative. We take a closer look at why some call Beijing’s Belt and Road Initiative a form of “debt-trap diplomacy.” Chinese state media outlets are publishing reports on…
Capitol Report (June 27): SCOTUS Rules in Favor of Open Prayer; Pregnancy Centers Under Attack
June 27, 2022
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Group of Seven (G-7) leaders are moving closer to imposing a “price cap” on Russian oil. What would that mean, and will it actually work? Meanwhile, President Joe Biden is committing $200 billion to a global infrastructure plan to counter China. In another high-profile ruling, the Supreme Court sided with a former football coach who…
Russian Default: 1st time in 100+ Yrs; Firms Paying Abortion Costs Face Legal Fights | NTD Business
Russia defaults on its foreign debt for the first time in over a hundred years. It says it wants to pay, and it can pay, so what’s the holdup? Large firms like Disney, Apple, and Amazon want to cover part of their employees’ abortion costs. But could they face legal trouble if they do? Alarm in…
West Must Break Russian Blockade to Get Grain out of Ukraine, Boris Johnson Tells G-7
June 27, 2022
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British Prime Minister Boris Johnson has called on Western leaders to take urgent action to break the Russian blockade and help Ukraine ship its grain exports out of the country. Ukraine, traditionally known as the “breadbasket of Europe,” used to supply 10 percent of the world’s wheat, 12–17 percent of the world’s maize, and half…
G-7 Unveils $600 Billion Global Infrastructure Plan to Counter China’s ‘Debt Trap’
June 27, 2022
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The Group of Seven (G-7) nations plan to raise $600 billion over the next five years for a global infrastructure program that will serve as a “positive alternative” to models that sell “debt traps.” G-7 leaders from the United States, Canada, Germany, Italy, Japan, and the European Union unveiled the Partnership for Global Infrastructure and…
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