Five points: British Prime Minister proposed a plan to deal with the consequences of Russian aggression
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On the eve of the start of the G20 summit, Rishi Sunak prepared an action plan that includes support for both Ukraine and other partners affected by the war unleashed by the Kremlin.
British Prime Minister Rishi Sunak published an op-ed in The Telegraph in which he shared his vision of the challenges facing Britain and its partners on the eve of the G20 summit.
He noted that the summit will not be attended by the person who is responsible for the aggression against Ukraine and economic unrest around the world – Russian President Vladimir Putin. However, the Prime Minister made it clear that these problems will be dealt with without the aggressor's exhortations.
“There is no doubt that the war in Ukraine is exacerbating the problems facing countries around the world. That is why, when I have my first meetings with US President Joe Biden and other leaders during the summit, it will be clear to us that discussions about how we can continue to support Ukraine are inseparable from the discussion of how we can strengthen our collective economic security,” Sunak stressed.
According to him, world food prices rose due to Putin’s attempts to cut off the export of Ukrainian grain, two thirds of which goes to developing countries. Due to the fact that Russia stopped gas supplies, electricity prices have risen dramatically.
As a result, two-thirds of the G20 members are currently experiencing inflation rates above 7%, and the IMF predicts that a third of the global economy will fall into recession in 2023.
“Russia is trying to stifle the global economy. We must unite, to stop them and restore economic stability,” the prime minister is sure, proposing five steps to help deal with the threats.
Step one: continue to provide assistance
The British Prime Minister is confident that on the eve of winter, the country needs to continue to provide urgent support to those who need it most. The Ukrainians need to be helped cope with the consequences of attacks on the country's infrastructure, the British need help with the payment of rising electricity bills. The challenge is also to prevent starvation in the most vulnerable parts of the world.
Step two: stop hunger blackmail
Rishi Sunak believes the world should end Russia's use of food as a weapon.
“I support the UN Secretary General in keeping Black Sea grain supplies going, and I urge all countries that can produce more food or release stocks to do so to help increase supply,” he said.
Step Three: Energy Independence
The Prime Minister stated that it is necessary to take urgent measures to protect economic security: to protect supply chains and quickly abandon energy dependence on countries such as Russia, which seek to use it against the West.< /p>
Step Four: Free Trade
Sunak noted that the UK must remain committed to promoting free markets and an open global economy where entrepreneurship drives growth. “Our prosperity and our security go hand in hand,” he said.
Step five: financial stability
“We must work together with our partners – governments, the private sector and financial institutions – to ensure the financial stability and integrity that the international economic situation requires,” the prime minister said.
He explained that it is necessary to identify those who who use their credit power to set up debt traps in emerging economies and address the causes of rising inflation.
“We, like our allies, will not let our economic future be held hostage by the actions of a rogue state, Sunak vowed, “Instead, we will support Ukraine and work to deliver on every element of this five-point plan, promoting free markets and a stronger, more stable, and resilient global economy that ensures a faster return to growth.”
In early November, President of Ukraine Volodymyr Zelensky announced that he would not go to the G20 summit in Indonesia if the head of state was present there we are the aggressor Vladimir Putin. The office of the president, in turn, calls for Russia to be excluded from the G20 due to withdrawal from the “grain deal” and blackmail by hunger.