G7, NATO leaders to ratchet up pressure on Russia, keep eye on China — US officials - BusinessWorld Online

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G7, NATO leaders to ratchet up pressure on Russia, keep eye on China — US officials - BusinessWorld Online
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Leaders from the Group of Seven rich democracies and the NATO alliance will work to increase pressure on Russia over its war in Ukraine next week, while underscoring their continued concerns about China, senior US officials said on Wednesday.

President Joseph R. Biden, Jr., leaves Saturday to meet with other G7 leaders in southern Germany before heading to Madrid for a summit where the North Atlantic Treaty Organization is expected to announce plans to expand its forces in eastern Europe and Washington will lay out steps to strengthen European security.

“Russia’s war against Ukraine has galvanized our partnerships around the world,” a second official said. “It’s also showing how Ukraine is not causing us to take our eye off the ball on China. In fact, quite the opposite.” G7 leaders will launch a new infrastructure initiative aimed at offering low- and middle-income countries high-quality, transparent investment alternatives, officials said, a clear reference to China’s Belt and Road project, which has been criticized for opaque contracts and onerous loan terms.

“Leaders will also advance a vision of the world grounded in freedom and openness — not coercion, not aggression, not spheres of influence. They will strengthen our cooperation on economic issues, cyberspace and quantum, and in particular, the challenges posed by China,” the official added.

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