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The mainstream has presented the G7 summit in Puglia, under Italian chairmanship, as some kind of grand social event, ignoring the Final Communiqué: a document of about 40 pages by which the G7 – composed of the 6 major NATO powers plus Japan, NATO’s main partner in East Asia – set out their agenda.

They denounce Russia for “the brutal and unjustifiable war of aggression against Ukraine, and for the blatant violation by it of international law and the fundamental principles that underlie the international order.” They then announce that

“the G7 will launch extraordinary loans in order to make approximately $50 billion in additional financing available for Ukraine by the end of the year, and that these loans will be repaid by revenues from the immobilization of Russian sovereign assets held in the European Union.”  

The G7 then declares that

“China’s continued support for Russia’s defense industrial base is enabling Russia to maintain its illegal war in Ukraine” and enjoins China to “cease transferring dual-use materials to Russia.” 

At the same time, the G7 accuses China of implementing “non-market policies and practices that are leading to global spillovers and harmful overcapacity in a growing range of sectors, undermining our workers, our industries, our economic resilience and our security.”

These and other passages of the Summit Communiqué clearly demonstrate what is at stake in the wars and war preparations that the United States and other major powers of the West are waging from Europe to the Middle East and East Asia, from Africa to Latin America. 

With such a strategy, the West seeks to preserve the dominance it is losing in the face of the emergence of a multipolar world. Suffice it to recall that the U.S. national debt has exceeded $34 trillion and will exceed $56 trillion in the next ten years.  

Manlio Dinucci (right)

The Bulletin of the U.S. Atomic Scientists warns, based on precise data, that

we are facing “a massive reconstruction of the entire U.S. nuclear arsenal, including new long-range land-based missiles, new submarines, new long-range stealth bombers that will carry the new stealth cruise missiles, and major upgrades to submarine-carried missiles. The total cost of all this, maintaining existing armaments, will be more than $1.2 trillion.”

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This article was originally published in Italian on Grandangolo, Byoblu TV.

Manlio Dinucci, award winning author, geopolitical analyst and geographer, Pisa, Italy. He is a Research Associate of the Centre for Research on Globalization (CRG).

Featured image: Attribution: European Union