G7 Summit 2024: Key Decisions on Ukraine Aid and China Sanctions | Breaking News

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The G7 Leaders' Summit of 2024, held in southern Italy, tackled crucial global issues with a focus on supporting Ukraine, confronting China, and fostering international economic stability. The leaders of Britain, Canada, France, Germany, Italy, Japan, the United States, and the European Union gathered to double down on support for Ukraine, resulting in a $50 billion multi-year debt package. Ukrainian President Zelensky signed a new security accord with President Biden, further solidifying their coalition.

In a significant move, the U.S. expanded its sanctions on Moscow to include China-based companies, highlighting a strong stance against China’s support for Russia. The European Commission also announced extra duties on imported Chinese electric cars, reflecting a shared concern over China's industrial impact.

Pope Francis and leaders from India, Brazil, Argentina, Turkiye, Algeria, and Kenya joined the summit, contributing to discussions on AI and fostering inclusivity. Despite their own domestic challenges, the G7 leaders demonstrated a united front in addressing these pressing global issues.

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