Business news from Ukraine

G7 ambassadors monitor selection of new HQCJ leadership

The new leadership of the High Qualifications Commission of Judges (HQCJ) should be virtuous and independent, the Italian Presidency of the G7 Ambassadors Support Group in Kiev said in a statement published on social network X on Thursday.

“The G7 Ambassadors are closely following the news of the High Qualifications Commission of Judges and call for a transparent selection process for the new leadership, which should be virtuous and independent. Advancing reforms and filling the courts with vetted judges is critical to public confidence in the judiciary and private sector investment,” the statement reads.

According to Interfax-Ukraine, on March 27, the HQCJ granted the application of the commission’s chairman, Roman Ihnatov, to dismiss him from the position of a member of the commission at his own request. He had been heading the commission since June 6, 2023.

Ukrainian President Zelensky to speak at emergency G7 meeting

President of Ukraine Volodymyr Zelensky said that he had agreed with German Federal Chancellor Olaf Scholz on the urgent convening of the G7 group.

“Agreed with Olaf Scholz, Chancellor of Germany, presiding over the G7, to convene an urgent meeting of the group. My speech is planned, in which I will talk about the terrorist attacks of the Russian Federation. We also discussed increasing pressure on Russia and helping to rebuild damaged infrastructure,” he tweeted on Monday.

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G7 COUNTRIES TO ANNOUNCE NEW AID TO UKRAINE – BLOOMBERG

The leaders of the G7 countries will announce the provision of new financial, humanitarian and military support to Ukraine, Bloomberg reports citing a draft statement of these countries from the summit in Bavaria.
“We will continue to provide financial, humanitarian, military and diplomatic support to Ukraine, as well as support it for as long as necessary,” the agency quotes from a document received by it.
Bloomberg emphasizes that this “wording is important because the members of the G7 are concerned about the prolongation” of the war. However, some countries, including Germany and France, “have hinted that they may be more open to the idea of a negotiated ceasefire.”
According to the agency, the document says that the leaders of the G7 are also considering the possibility of using revenue from duties to support Ukraine.
It is noted that earlier the G7 discussed how to coordinate actions to combat rising inflation and prevent a recession, as well as ways to maintain “pressure on Russia.”
The G7 summit is taking place in Bavaria on June 26-28.

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G7 PLANS TO IMPOSE EMBARGO ON RUSSIAN GOLD IMPORTS TO DEPRIVE RUSSIA OF BILLIONS OF DOLLARS TO FINANCE WAR AGAINST UKRAINE

The G7 countries are planning to impose an embargo on the import of Russian gold in order to deprive the Russian Federation of tens of billions of dollars a year, US President Joe Biden said.
“The United States has imposed unprecedented spending on Putin to deprive him of the income he needs to finance the war against Ukraine. Together, the G7 will announce that we will ban the import of Russian gold – a major export that brings Russia tens of billions of dollars,” Biden tweeted on Sunday.
Earlier it was reported that the meetings of the leaders of the G7 countries, which will also be joined by the leaders of Argentina, India, Indonesia, Senegal and South Africa, will be held in Germany from June 26 to 28.
US National Security Council spokesman John Kirby said that, among other things, the summit participants will discuss new measures aimed at isolating Russia from the world economy and disrupting supply chains for the Russian defense complex. It is also planned to reach new agreements to reduce energy and food prices in the world.
The summit will take place in the Bavarian Alps in Elmau. The last summit chaired by Germany, when Angela Merkel was Chancellor, was also held there.

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UKRAINE REMAINS IN SPOTLIGHT OF G7 – HEAD OF EUROPEAN COMMISSION AND BRITISH PM

British Prime Minister Boris Johnson calls on the G7 countries, whose leaders start a three-day summit near Munich on Sunday, to continue supporting Ukraine in the fight against Russian armed aggression.
“Now is not the time to give up on Ukraine, they need the support and determination of the G7 more than ever,” he tweeted.
“The UK will continue to stand by Ukraine at every turn because we know their security is our security and their freedom is our freedom,” Johnson said.
The negative global impact of Russia’s war will be at the center of discussions at the G7 summit in Germany, European Commission President Ursula von der Leyen said on Sunday.
“We will stand with Ukraine for as long as it takes,” she tweeted.
Other highlights of the summit, she said, include security of energy supplies and global food security, investment in resilient infrastructure and global pandemic preparedness.
“We will also discuss how we can best deal with price increases without compromising our climate goals,” the Commission President added.

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BORIS JOHNSON: UKRAINIAN ISSUE WILL BE ONE OF MAIN DURING MEETING OF G7 HEADS

Prime Minister of the United Kingdom of Great Britain and Northern Ireland Boris Johnson, after the meeting of the countries of the British Commonwealth, expressed confidence that the Ukrainian issue will be one of the main issues at the next meeting of the G7 representatives.
“It has been a fantastic few days in Kigali. We are working together with our Commonwealth friends to stimulate trade and investment, advance the green industrial revolution and find solutions to the crisis in Ukraine that will be the focus of the G7 in the coming days,” he wrote in Twitter Saturday night.
As reported, on June 24, Johnson said that the countries of the British Commonwealth together will be able to achieve a reduction in world food prices.
“Global prosperity and stability are under threat – Commonwealth countries bear the brunt of Putin’s recklessness in Ukraine. Together we can bring down food prices and get the world economy back on track while standing up for the freedoms we all believe in,” he wrote.

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