“President (USA Joe. -

RT

) Biden and other leaders of the G7 countries are officially launching a global infrastructure and investment partnership that will implement revolutionary projects designed to close infrastructure gaps in developing countries, strengthen the global economy and supply chains, and advance US interests in the field of national security,” the statement said.

It is specified that the United States, as part of the new project, plans to allocate $200 billion for the development of global infrastructure until 2027, and together with partners in the G7 - $600 billion.

Biden said earlier that he does not consider continued investment in fossil fuels to be the right course.

So he commented on Germany's intention to seek the G7 to abandon its obligation to cut funding for projects for the extraction of such resources by the end of the year.

As reported by Bloomberg, citing sources, Germany intends to seek from the G7 countries to abandon the obligation to cut funding for foreign projects for the extraction of fossil fuels by the end of 2022, as investments in the gas sector are needed in the current energy crisis.