German Chancellor Scholz To Deliver Closing Presser Of Summit

German Chancellor Olaf Scholz is set to deliver the closing presser of the G7 summit in the Bavarian Alps following three days of meetings between the leaders of Germany, France, Canada, Italy, Japan, the US, the UK , and the EU. French President Emmanuel Macron and Italian PM Mario Draghi set to speak after Scholz.

• Link to livestream (in English and German): https://www.bundesregierung.de/breg-de/mediathek/l...
• Full G7 text on food security here: https://www.politico.eu/wp-content/uploads/2022/06...
• Politico also has full section of text on potential Russian O&G price cap:
  • “As for oil, we will consider a range of approaches, including options for a possible comprehensive prohibition of all services, which enable transportation of Russian seaborne crude oil and petroleum products globally, unless the oil is purchased at or below a price to be agreed in consultation with international partners."
  • "In considering this and other options, we will also consider mitigation mechanisms alongside our restrictive measures to ensure that most vulnerable and impacted countries maintain access to energy markets including from Russia."
  • "We invite all likeminded countries to consider joining us in our actions. We task our relevant Ministers to continue to discuss these measures urgently, consulting with third countries and key stakeholders in the private sector, as well as existing and new suppliers of energy, as an alternative to Russian hydrocarbons.”