Berliner Boersenzeitung - G7 defence summit convenes during 'historic moment'

EUR -
AED 3.848545
AFN 71.691579
ALL 98.249937
AMD 409.166575
ANG 1.893257
AOA 955.599003
ARS 1055.407782
AUD 1.618233
AWG 1.888671
AZN 1.775894
BAM 1.954208
BBD 2.120972
BDT 125.527709
BGN 1.956857
BHD 0.394942
BIF 3103.371102
BMD 1.047806
BND 1.414447
BOB 7.259119
BRL 6.089819
BSD 1.050444
BTN 88.546844
BWP 14.331322
BYN 3.437799
BYR 20537.000655
BZD 2.117474
CAD 1.474792
CDF 3008.251544
CHF 0.928047
CLF 0.037127
CLP 1024.438264
CNY 7.598742
CNH 7.61493
COP 4614.328749
CRC 536.767717
CUC 1.047806
CUP 27.766863
CVE 110.17522
CZK 25.275811
DJF 187.057569
DKK 7.459016
DOP 63.328998
DZD 140.370377
EGP 51.960297
ERN 15.717092
ETB 131.454579
FJD 2.383078
FKP 0.827051
GBP 0.833698
GEL 2.860493
GGP 0.827051
GHS 16.49256
GIP 0.827051
GMD 74.394534
GNF 9051.623945
GTQ 8.107393
GYD 219.770911
HKD 8.154148
HNL 26.56835
HRK 7.474273
HTG 137.868968
HUF 410.489547
IDR 16691.290111
ILS 3.822245
IMP 0.827051
INR 88.50661
IQD 1376.078651
IRR 44099.537966
ISK 145.100182
JEP 0.827051
JMD 165.874831
JOD 0.743211
JPY 159.611924
KES 135.848258
KGS 90.922635
KHR 4216.604184
KMF 491.368396
KPW 943.025143
KRW 1464.445266
KWD 0.322399
KYD 0.875387
KZT 524.512581
LAK 22987.267963
LBP 94069.543905
LKR 305.900725
LRD 188.556348
LSL 19.007811
LTL 3.093899
LVL 0.633807
LYD 5.139812
MAD 10.530419
MDL 19.197356
MGA 4905.002974
MKD 61.516555
MMK 3403.233522
MNT 3560.445261
MOP 8.420139
MRU 41.782351
MUR 49.068632
MVR 16.188295
MWK 1821.51567
MXN 21.697105
MYR 4.664829
MZN 66.954932
NAD 19.007811
NGN 1768.183741
NIO 38.658498
NOK 11.705582
NPR 141.674551
NZD 1.786084
OMR 0.403391
PAB 1.050449
PEN 3.96397
PGK 4.234549
PHP 61.708975
PKR 291.872856
PLN 4.30552
PYG 8197.320106
QAR 3.830079
RON 4.977184
RSD 117.018519
RUB 110.536685
RWF 1447.320597
SAR 3.93656
SBD 8.791712
SCR 13.771247
SDG 630.260568
SEK 11.521058
SGD 1.411735
SHP 0.827051
SLE 23.785235
SLL 21971.976148
SOS 600.310814
SRD 37.097566
STD 21687.471914
SVC 9.19151
SYP 2632.644252
SZL 19.013506
THB 36.390236
TJS 11.224253
TMT 3.6778
TND 3.319495
TOP 2.454066
TRY 36.318868
TTD 7.14218
TWD 34.115941
TZS 2771.447073
UAH 43.645933
UGX 3891.828598
USD 1.047806
UYU 44.763523
UZS 13461.030774
VES 48.927674
VND 26624.75442
VUV 124.397652
WST 2.925046
XAF 655.422904
XAG 0.034319
XAU 0.000397
XCD 2.831748
XDR 0.803545
XOF 655.422904
XPF 119.331742
YER 261.872986
ZAR 19.022224
ZMK 9431.514109
ZMW 28.966396
ZWL 337.393155
  • RBGPF

    60.1000

    60.1

    +100%

  • SCS

    -0.1800

    13.54

    -1.33%

  • RYCEF

    -0.0200

    6.78

    -0.29%

  • VOD

    -0.0500

    8.86

    -0.56%

  • RIO

    -0.9500

    62.03

    -1.53%

  • BTI

    0.3800

    37.71

    +1.01%

  • CMSC

    -0.1600

    24.57

    -0.65%

  • NGG

    -0.4300

    62.83

    -0.68%

  • RELX

    0.2400

    46.81

    +0.51%

  • GSK

    -0.1300

    34.02

    -0.38%

  • AZN

    -0.0400

    66.36

    -0.06%

  • BCE

    -0.3900

    26.63

    -1.46%

  • CMSD

    -0.1500

    24.43

    -0.61%

  • BP

    -0.3600

    28.96

    -1.24%

  • BCC

    -4.0900

    148.41

    -2.76%

  • JRI

    -0.1300

    13.24

    -0.98%

G7 defence summit convenes during 'historic moment'
G7 defence summit convenes during 'historic moment' / Photo: Tiziana FABI - AFP

G7 defence summit convenes during 'historic moment'

G7 defence ministers started talks on Saturday against a backdrop of escalation in the Middle East and mounting pressure on Ukraine as it faces another winter of fighting.

Text size:

Italy, holding the rotating presidency of the Group of Seven countries, organised the body's first ministerial meeting dedicated to defence, staged in Naples, the southern city that is also home to a NATO base.

Italian Defence Minister Guido Crosetto welcomed each of the attendees, who also included NATO chief Mark Rutte.

"I believe that our presence today... sends a strong message to those who try to hinder our democratic systems," Crosetto told ministers as he opened the event.

Crosetto said on Friday in Brussels he had requested the summit, given the many conflicts facing the international community.

"Ample space" would be given to discussing the escalating Middle East conflict during the one-day summit, Crosetto said.

Also on the agenda is the war in Ukraine, development and security in Africa and situation in the Asia-Pacific.

The meeting comes two days after Israel announced it had killed Hamas chief Yahya Sinwar, mastermind of the October 7, 2023 attacks on Israel that triggered the devastating retaliatory war in Gaza.

Israeli Prime Minister Benjamin Netanyahu said Sinwar's death in the Palestinian territory signalled "the beginning of the end" of the war against Hamas, while US President Joe Biden saying it opened the door to "a path to peace".

Italy's prime minister, Giorgia Meloni, was in Lebanon on Friday, where Israel is also at war with Hamas ally Hezbollah.

Speaking in Beirut, Meloni slammed attacks on UN peacekeepers in Lebanon as "unacceptable" after the UN force accused Israel of targeting their positions.

Italy has around 1,000 troops in the UN peacekeeping force in Lebanon, which has soldiers from more than 50 countries.

- Ukraine prospects -

On Ukraine, the ministers will contemplate Kyiv entering a third winter at war, battlefield losses in the east -- and the prospect of reduced US military support should Donald Trump be elected to the White House next month.

Ukrainian President Volodymyr Zelensky, under mounting pressure from Western allies to forge a winning strategy against Russia, on Thursday presented what he called a "victory plan" to the European Union and NATO.

Its main thrust is a call for immediate NATO membership, deemed unfeasible by alliance members.

It also demands the ability to strike military targets inside Russia with long-range weapons, and an undefined "non-nuclear strategic deterrence package" on Ukrainian territory.

Under discussion will also likely be reports, based on South Korean intelligence, that North Korea is deploying large numbers of troops to support Moscow's war against Ukraine.

NATO was not as yet able to confirm that intelligence, Rutte said on Friday.

Saturday's summit was to conclude with a press conference at 4:00 pm (1400 GMT).

(T.Burkhard--BBZ)