{"id":71614,"date":"2024-06-12T22:01:03","date_gmt":"2024-06-12T22:01:03","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/12\/thursday-briefing-g7-leaders-prepare-to-debate-frozen-russian-assets\/"},"modified":"2024-06-12T22:01:03","modified_gmt":"2024-06-12T22:01:03","slug":"thursday-briefing-g7-leaders-prepare-to-debate-frozen-russian-assets","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/12\/thursday-briefing-g7-leaders-prepare-to-debate-frozen-russian-assets\/","title":{"rendered":"Thursday Briefing: G7 Leaders Prepare to Debate Frozen Russian Assets"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1050\" height=\"550\" src=\"https:\/\/i2.wp.com\/static01.nyt.com\/images\/2024\/06\/12\/multimedia\/13ambriefing-asia-nl-g7-2\/13ambriefing-asia-nl-g7-2-facebookJumbo.jpg?fit=1050,550&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Thursday Briefing: G7 Leaders Prepare to Debate Frozen Russian Assets\" title=\"Thursday Briefing: G7 Leaders Prepare to Debate Frozen Russian Assets\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-4d8f628c\">At the G7 summit, Biden will push to use Russian assets for Ukraine<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">For two years, Western allies have debated how to deal with $300 billion in frozen Russian assets. The G7 leaders, who will meet beginning today in Italy, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/us\/politics\/g7-biden-frozen-russian-assets-ukraine.html\" title=\"\">seem on the brink of announcing a compromise<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">European leaders feared that seizing the assets would violate international law. So the Biden administration devised a plan to use interest generated by them to back a loan that could be delivered immediately to Ukraine.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The loan could be as large as $50 billion and would be repaid over time with the profits being generated from Russia\u2019s money. Finance ministers from the G7 have been working out the details, and a U.S. spokesman said he anticipated \u201cunanimity\u201d on efforts toward it at the summit.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The leaders are also slated to tackle the question of how to stop China from bolstering Russia by selling it \u201cdual use\u201d microelectronics and other gear to rebuild its military. The Biden administration announced yesterday that it would add sanctions <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/us\/politics\/us-russia-china-sanctions-g7.html\" title=\"\">aimed at stopping China from helping the Kremlin<\/a> in its invasion of Ukraine.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div>\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-8bee00f\">The E.U. places more tariffs on Chinese electric vehicles<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">The E.U. said yesterday that it would <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/business\/eu-china-ev-tariffs.html\" title=\"\">impose additional tariffs<\/a> of up to 38 percent on electric vehicles imported from China, which leaders called an effort to protect manufacturers from unfair competition. The move comes a month after the U.S. quadrupled its tariffs on Chinese E.V.s to 100 percent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cBy making it more expensive for consumers to buy lower-cost Chinese imports, the tariffs could slow adoption of electric vehicles in Europe \u2014 and also slow progress on emissions reduction,\u201d my colleague Jim Tankersley, who writes about U.S. economic policy, told me.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div>\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cBut they could also help guard against job losses for European automakers,\u201d he added. \u201cThat protection could help to maintain political support for green initiatives at a time when Europe\u2019s decarbonization efforts are increasingly drawing backlash from voters who are upset with rapid price increases in recent years.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Here\u2019s what this means for consumers and <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/business\/eu-chinese-ev-tariffs-explained.html\" title=\"\">what could happen next.<\/a><\/p>\n<hr class=\"css-7ad88g e1mu4ftr0\"\/><\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div>\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-e820e9b\">How migration is shaping Western politics<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">The recent European Parliament elections are the latest sign of immigration\u2019s power to shape the West, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/briefing\/immigration-european-us-elections.html\" title=\"\">David Leonhardt writes<\/a>. \u200bRight-wing parties that had promised to reduce the flow of migration made gains, and center-right parties finished first by adopting a more restrictive stance.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The modern migration boom in the West has had major advantages, but it has also had downsides. More competition can hurt workers; governments strain to provide social services, and some can feel uncomfortable with societal changes. Historically, major immigration spikes have led to political backlashes, like Brexit.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div>\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">For years, mainstream Western politicians dismissed voters\u2019 concerns about immigration, sending many voters to parties on the extreme right. But recently, the political left and center have started to treat it with moderation and more respect of public opinion.<\/p>\n<h3 class=\"css-1uuxri4 e1gnsphs0\" id=\"link-55bd377a\"><span><strong class=\"css-8qgvsz ebyp5n10\">MORE TOP NEWS<\/strong><\/span><\/h3>\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-5254e031\">The Middle East<\/h2>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div>\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Fans rejoiced as Jin, a member of the K-pop group BTS, became <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/11\/world\/asia\/bts-jin-military-army.html\" title=\"\">the first band member<\/a> to complete his mandatory South Korean military service. The label said the group would reunite \u201caround 2025.\u201d But first, Jin plans to hug exactly 1,000 fans in Seoul today.<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">Lives lived: <\/strong>Fran\u00e7oise Hardy, the pop icon who incarnated a 1960s cool still treasured by the French, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/arts\/music\/francoise-hardy-dead.html\" title=\"\">died at 80<\/a>. Listen to <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/arts\/music\/francoise-hardy-playlist.html\" title=\"\">a selection of her songs.<\/a><\/p>\n<h3 class=\"css-1uuxri4 e1gnsphs0\" id=\"link-286d948a\"><span><strong class=\"css-8qgvsz ebyp5n10\">CONVERSATION STARTERS<\/strong><\/span><\/h3>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div>\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-76ff2600\">Saudi Arabia sets its sights on boxing<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">Saudi Arabia has begun a hostile takeover of professional golf and invested billions of dollars in world soccer. Now, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/world\/middleeast\/saudi-boxing-league.html\" title=\"\">it wants to own professional boxing<\/a>, too.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A Saudi plan that would reshape the economics, structure and future of boxing is in the final stages of approval, according to two people with direct knowledge of the plan. The initial investment is said to be as much as $2 billion. The project, developed with the help of consultancy firms, would effectively create a single worldwide boxing entity featuring about 200 of the top men\u2019s boxers.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The sport, which is run by a tangled web of promoters and sanctioning bodies, desperately needs revamping. It has steadily lost fans to the Ultimate Fighting Championship, whose model is similar to this arrangement.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/world\/asia\/g7-russia-assets-china-ev-asia.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the G7 summit, Biden will push to use Russian assets for Ukraine For two years, Western allies have debated how to deal with $300 billion in frozen Russian assets. The G7 leaders, who will meet beginning today in Italy, seem on the brink of announcing a compromise. European leaders feared that seizing the assets [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":71615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static01.nyt.com\/images\/2024\/06\/12\/multimedia\/13ambriefing-asia-nl-g7-2\/13ambriefing-asia-nl-g7-2-facebookJumbo.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[4252,235,2610,51011,6118,8026,1461,9086],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/71614"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=71614"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/71614\/revisions"}],"predecessor-version":[{"id":71616,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/71614\/revisions\/71616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/71615"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=71614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=71614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=71614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}