G7 Faces Russia, China, and Debt Crises in High-Stakes Talks

WooGlobe

The EU is calling on G7 leaders to back a bold new plan — tapping frozen Russian assets to help fund Ukraine without seizing them outright. With Canada and the UK already showing support, pressure is mounting on the US and Japan to get on board. But Moscow is furious, calling it “theft” and threatening retaliation.  At the same time, the G7 is facing rising tensions with China after Beijing announced fresh restrictions on rare earth exports. The US has slammed it as a power move to control global supply chains, while the EU says it’s ready to fight back.  And in France, a political gamble could cost billions, putting the country’s financial future on the line.  The stakes have never been higher — and the G7 must decide how to respond to three global flashpoints: Russia, China, and debt WooGlobe Ref : WGA801810 For licensing and to use this video, please email licensing@wooglobe.com

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00:00The EU just made a bold move, and now it wants the G7 to follow suit.

00:04Europe is pushing a plan that could unlock billions from frozen Russian assets to support Ukraine,

00:09without seizing them outright.

00:11Instead, the EU wants to borrow against the cash generated from these assets

00:15and loan that money to Ukraine,

00:18with the expectation that Russia's future reparations will cover the cost.

00:22Canada and the UK are already on board.

00:25Now all eyes are on the US and Japan.

00:27But there's tension in the air.

00:28The Kremlin says this plan is theft and is threatening retaliation.

00:33And Belgium?

00:34They want guarantees that they won't bear the financial risk alone.

00:38Meanwhile, G7 leaders are also grappling with another global power play.

00:43China's move to restrict rare-earth exports.

00:46The US calls it a global supply chain power grab,

00:49and the EU says it's ready to coordinate a tough response.

00:52And there's more brewing.

00:54France's suspension of its pension reform could hit its economy hard,

00:57costing billions and raising concerns about its ballooning debt.

01:01One thing's clear.

01:02Between Russia, China, and rising debt,

01:05the G7 has some serious fires to put out.

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