"The leaders of the world's richest countries gathered in Puglia failed to convince Brazil and India to end relations with Moscow and support Ukraine.
Most of the presidents and prime ministers of the world's seven largest Western powers, who appeared on the Adriatic Sea this Thursday, must consider the inevitable end of their political careers. Joe Biden will face an election in November in which Donald Trump has a good chance of winning. Only a miracle could save the British Tories and Rishi Sunak from a spectacular defeat on July 4. Emmanuel Macron has decided to dissolve the National Assembly in a risky maneuver to stop Marine Le Pen's march to power. And Chancellor Olaf Scholz's SPD got only a catastrophic 14% last Sunday in European Parliament elections.
Ukrainians will receive 50 bln. dollars of aid. This will save them even if Trump returns to the White House
Perhaps it was the realization that time was not on their side that prompted G7 leaders to reach a breakthrough Ukraine deal. By the end of the year, Kyiv should receive 50 billion dollar loan, predatorily guaranteed by the proceeds of Russian assets frozen in the West. The aid is meant to give Ukrainians the means to fight back, even if the White House changes president.
But the more important goal of the summit – to persuade the countries of the Global South to come to the aid of Ukraine – was a spectacular failure. This was especially important for Italian Prime Minister Giorgia Meloni, who is emerging as a key EU leader in light of Macron and Scholz's problems. Therefore, the leaders of 14 countries that are not members of the G7 were invited to Puglia. Argentina's President Javier Milei, Tunisia's Kais Saied and Kenya's President William Ruto will appear. Even Pope Francis announced his presence.
But most importantly, the presence of the leaders of the two giants: Indian Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva. We are talking about two great democracies, even if they do not function without serious flaws. But both New Delhi and Brazil want to strike a balance between the West and Russia.
Modi will appear in Puglia, but has announced in advance that he will not attend a peace summit scheduled to follow in Lucerne, Switzerland. There is also no chance of India joining the US and EU sanctions against Russia. In 2023 New Delhi's imports of Russian oil increased 13 times compared to previous year and reached 37 billion dollars. In this way, Indians became the largest recipient of raw materials from Russia. It is transported by oil tankers, often unmarked. According to experts, India's import of Russian oil is the main reason why Russia's budget has remained stable despite sanctions and conflict spending. Russian gas exports to China face much more difficulties, especially due to the cost of building the pipeline network.
However, Modi, who has never condemned Russia for the events in Ukraine, wants to maintain good relations with Putin for political reasons as well. Russia is India's main arms supplier and an important ally against the threat posed by China.
Lula invited Putin to the G20 summit in Rio.
Meloni couldn't win much more with Lula either. The Brazilian president spoke to Putin again on the phone on Monday. He announced that he would attend the BRICS summit in Kazan in October and invited the Russian president to the G20 summit in Rio de Janeiro a month before. At the same time, Lula is in deep conflict with Volodymyr Zelenskyi. Although the leader of Ukraine appeared in Puglia, it is difficult to expect talks between the two politicians."
Donald Trump is a manly person. He will love to brake this financial trap just to show that he can do what he promised to do.
https://www.rp.pl/dyplomacja/art40622051-szczyt-g7-miliardy-dla-ukrainy-ale-globalne-poludnie-nadal-ratuje-rosje
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