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Statement: OPEC Has Key Role To Play In Phasing Out Russian Energy Use

G7

G7 has released a joint statement following today's leaders' summit. Statement largely follows previous statements regarding Putin's actions. Bloc clearly attempting to push OPEC towards reversing cuts on produciton levels to provide cheaper fuel to Western-aligned nations. Following increased talk of chemical weapons usage, statement explicitly calls out threat of chemical, biological or nuclear weapons.

  • Link here: https://www.bundesregierung.de/resource/blob/99844...
  • "We are taking further steps to reduce our reliance on Russian energy, and will work together to this end. At the same time, we will ensure secure alternative and sustainable supplies, and act in solidarity and close coordination in the case of possible supply disruptions. We commit to actively support countries willing to phase out their dependency on Russian gas, oil and coal imports. We call on oil and gas producing countries to act in a responsible manner and to increase deliveries to international markets, noting that OPEC has a key role to play. We will work with them and all partners to ensure stable and sustainable global energy supplies"
  • "[Putin's] decision is putting the global economic recovery at risk, undermines the resilience of global value chains and will have severe impacts on the most fragile countries."
  • "International organisations and multilateral fora should no longer conduct their activities with Russia in a business as usual manner." - likely referring here to G20, which Poland is pushing for Russia to be removed from.
  • "We warn against any threat of the use of chemical, biological and nuclear weapons or related materials"

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