The world’s leading industrialized nations meet without Russia for the first time in 17 years on Wednesday, leaving President Vladimir Putin out of the talks in retaliation for his seizure of Crimea and Russia’s part in destabilizing eastern Ukraine.
The two-day Group of Seven (G-7) summit, taking place in Brussels rather than the previously planned Russian Black Sea resort of Sochi, will cover foreign policy, economics, trade and energy security.
The latter is an issue of particularly high sensitivity to Europe after months of tension with Moscow, which supplies nearly a third of Europe’s oil and gas.
While it is the first time Russia will not be at the table since joining the club in 1997, Putin will still hold one-on-one talks with German Chancellor Angela Merkel, Britain’s David Cameron and French President Francois Hollande this week, on the sidelines of the 70th anniversary of the D-Day landings.
via CNBC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.