G-7 Leaders End Summit Pledging To Hurt Russia Economically

The video discusses the G7's controversial proposal to cap Russian oil prices to reduce Russia's revenue amid its ongoing attacks on Ukraine. German Chancellor Olaf Scholz expressed cautious support but noted further discussions are needed. The G7 leaders pledged continued support for Ukraine, emphasizing military, economic, and humanitarian aid. The US plans to increase sanctions on Russia's military industry. President Biden is attending a NATO conference in Madrid, focusing on expanding the rapid reaction force and addressing Turkey's stance on Sweden and Finland's NATO membership applications.

What new insight or understanding did you gain from this video?