MNI POLITICAL RISK – US Daily Brief

• President Biden continues his week of European summits with another slate of G7 meetings in the Bavarian Alps today. Over the weekend G7 leaders announced a ban on Russia gold and discussed the US proposal of a price cap on Russian oil. Today, or tomorrow, G7 leaders are expected to announce a new package of sanctions against Russia.
• Secretary of State Blinken held a call with his Turkish counterpart as the Turkish blockade of the NATO membership bids of Sweden and Finland continues to cast a shadow over the June 29-30 NATO summit in Madrid.
• G7 leaders have announced the revival of the Partnership for Global Infrastructure Initiative (PGII) aimed at countering the Chinese infrastructure project – the Belt and Road initiative. Biden said: “This isn’t aid or charity. It’s a chance for us to share our positive vision for the future..."
• The office of the United State Trade Representative has confirmed that the US will hold trade talks with Taiwan today under a newly agreed framework.
• The Iranian foreign ministry has confirmed that a new round of talks on the Iran nuclear deal will take place this week in Qatar.
• The weekend saw fallout from Friday’s Supreme Court ruling on Dobbs vs Jackson’s Women’s Health. We have a roundup of the political ramifications of the SCOTUS ruling.
• Poll of the Day: The approval rating of President Biden continues to slide as the threat of recession looms and inflation weighs on the President.

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