The announcement once again shows the G7 and the West's support and commitment to a resilient world economy at a time when Russia's aggression against Ukraine has shaken the very foundations of the international order based on the rule of law and heightened the world's focus on gas and energy alternatives. The international community must band together to resist economic coercion from any country.
Instead of bringing a solution to avoid a potential economic catastrophe that could disrupt global financial markets, the G7 continues to push its anti-China plans. While investing in strengthening global supply chains is alright, discussing ways to safeguard a "rules-based international order" against China's so-called "economic coercion" is hypocritical and aims only to protect US economic security.