Here are some of the highlights on what the G7 agreed on the final day of the 2022 summit held in Germany:

Gender equality

The G7 said it will “introduce a mechanism to continuously monitor G7 commitments and progress towards achieving gender equality”.
The group will also support efforts to expand access to quality childcare infrastructure globally, including $79m support for a Childcare Incentive Fund aimed at improving “women’s economic empowerment, child outcomes, family welfare, and overall economic growth”.

Food security

The G7 committed to an additional $4.5bn “to protect the most vulnerable from hunger and malnutrition, amounting to a total of over $14bn as our joint commitment to global food security this year”.
“We also commit to scaling up essential nutrition services in countries with the highest burden of malnutrition,” the G7 said in a statement.
The members also said they stand by a commitment to keep their food and agricultural markets open and called on “all partners to avoid unjustified restrictive trade measures that increase market volatility and thus the risk of food insecurity“.

Russia sanctions

The G7 said it will explore measures “to prevent Russia from profiting from its war of aggression”, including imposing a ban on the transport of Russian oil that has been sold above a certain price cap.
The group is considering “a possible comprehensive prohibition of all services, which enable transportation for Russian seaborne crude oil and petroleum products globally”, unless the Russian oil has been “purchased at or below a price to be agreed” by the G7 consultation with international partners.
“We will further reduce reliance on civil nuclear and related goods from Russia, including working to assist countries seeking to diversify their supplies,” the group said.

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