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12/6/2023, 8:53 PM (Source: TeleTrader)
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G7 discusses Middle East crisis, Russian diamond ban

The Group of Seven (G7) said that member states allocated $600 million in assistance for the Palestinian people since October 7, the White House revealed in the statement following the Group's virtual meeting on Wednesday.

The Group also condemned "extremist settler violence committed" against Palestinians in the West Bank which threatens the prospects for lasting peace between Israel and Palestine. Moreover, the G7 urged regional actors in the Middle East to "cease de-stabilizing activities," calling on Iran to "refrain from providing support for Hamas, Hezbollah, the Houthis," and to use its "influence with those groups to de-escalate regional tensions."

Regarding the ongoing conflict between Russia and Ukraine, the G7 highlighted that the "import restrictions on non-industrial diamonds, mined, processed, or produced in Russia" will be implemented by January 1, 2024, "followed by further phased restrictions on the import of Russian diamonds processed in third countries targeting March 1, 2024."

Baha Breaking News (BBN) / AC