tv Velshi MSNBC June 13, 2021 6:00am-7:00am PDT
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not going to come out with a set of deliverables and agreements on issues to tackle. usually the deliverables are planned in advance. >> there is an understanding we are going to try to arrive at this. >> not only am i relieved to see there is this person. the agenda, the main message i took was it is focused on tackling these major crises before the myriad of other problems that exist like iran and russia. if you can focus on climate change, massive issues, you can more easily tackle the other goals we have.
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>> that, ian, sounds like stage craft. the idea that these are the things that we generally agree upon don't come with a lot of specifics. they have some deliverables. how much do they matter? >> a little. there was a communique and was president trump was watching justin trudeau's conference, he said no, i don't like it, i am not signing it. i'm ripping it up. but last year there wasn't a g7, the biggest crisis the world has experienced and there was no g7. in the last 15, 18 months we have seen an absence of
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international policy, whether on climate change, or other things. >> here is boris johnson. >> i know that the world was looking to us to reject some of the selfishness and nationalistic approaches. and i do hope that we have lifted some of the most optimistic hopes and predictions on covid. the football team is not able to watch this press conference live the way i hoped to. but i hope following the victory they will be able to catch up on the triumphs of the g7. a week ago i asked my fellow
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leaders to help in preparing and providing the doses we need to vaccinate the whole world by the end of 2022. i'm very pleased to announce that this weekend leaders have pledged over 1 billion doses, either directly or through funding to covax. that includes 100 million from the uk. that is another big step towards vaccinating the world. that's in addition to everything scientists and governments and the pharmaceutical industry has done to roll out a vaccine. and astrazeneca was developed just 250 miles from where i was standing and have rightly been given honors by the queen this
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weekend. today over half a billion people are safe. funded by the uk government and the number is rising every day. it's popular because it's being sold at cost to the world and was designed with ease of use in mind. because of that act of generosity by astrazeneca who just reiterated making zero profit on that vaccine, millions more have been rolled out to the poorest countries in the world. in fact 96% of the vaccines delivered by the covax distribution scheme have been astrazeneca. we look towards a great global recovery. we are clear to build back
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better in a way that are better for all people of the world. that means preventing a pandemic like this from ever happening again by sponsoring a pandemic radar to spot things before they happen. this weekend my summit co-leaders look for every child to receive a proper education and they reached half of the goal including a $430 million donation from the uk. it is a disgrace that some children are denied an opportunity to reach their full potential. i am pleased that the g7 came together to support that cause.
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educating all children, particularly girls, is one of the easiest ways to lift countries out of poverty and rebound from the coronavirus. with just one additional year of school a girl's future earnings can increase by 20%. i am proud that g7 has committed to getting 20 more million girls in school and 40 million more reading. the world can't have a prosperous future if we don't work together on climate change. we will fight climate change and creating a better planet for our
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children. action will start with us. this was a fitting setting for the first ever net zero g7 summit. while it's fantastic that every one of the g7 countries has pledged to wipe out our contributions to climate change we need to make sure we are achieving that as fast as we can and helping developing countries at the same time. what u nights the countries gathered here this weekend, not just australia, but india, south africa and south korea. in india's case they joined us virtually. we didn't just attack climate change but our democratic values. it is not good enough for us to rest on our laurels and talk about how important those values are. this isn't about imposing our
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values on the rest of the world. what we need to do is demonstrate the benefits of democracy and freedom and human rights to the rest of the world. we can partly achieve that by the greatest feat in medical history, vaccinating the world. we can do that by working together to stop the devastation the coronavirus has produced, from ever occurring again and can do that by giving every girl in the world access to 12 years of quality education. we can also do that by coming together as the g7 and helping the world's poorest countries to develop themselves in a way that is clean and green and sustainable. before i adjust here, i want to thank, finally, the police, everyone who helped organize this summit.
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i think all people, not just carvers bay. but for everybody and their hospital. it's been a fantastic summit. i think all of the other delegations want to express their thanks as well. they communicated that to me. two questions. on the covid you gave very heavy hints of a delay yesterday when you said your objective was to give the vaccination program the legs, impetus, the speed it needs to beat the spread of the virus. so far 44% of the population have had two doses. what percentage of the population need to be double vaccinated before we can proceed
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with stage four of unlocking and how long do you think it will take? and on the summit you said in a recent interview the brexit lemon had been sucked dry but has left a bit of a sour taste in the mouth of this summit. instead of building global alliances, you have moved further from allies. you seem to have provoked france. do you regret some of your brexit remarks at this summit? >> first on covid. i will repeat what i said yesterday. we are continuing to look at the data. no final decision has been taken. the right time to fill everybody in on what we are going to do with step four with june 21 is
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tomorrow, as i have said. that's when we will be putting out the whole package of information so that everybody can see it together. i think that is the best way of handling that today. and on your -- [ question inaudible ] >> can i respectfully say i know you have lots of detailed questions and suggestions on covid. we don't want to get it out in dribs and drabs. what we will do is saying it all in full tomorrow because i think people want to see the whole package. but on your second point about brexit. i can tell you that the vast majority of the conversations that we have had over the last three or four days have been
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about other subjects and there has been a fantastic degree of harmony between leaders of our countries. you look at some of tease, they come together to a billion more doses. everybody agreed to phase out supporting coal, phase out the use of coal in their production. they agreed they would have 30% of their land and seas protected, consecrated to nature by 2030, to set a 100-day target of new vaccines after the arrival of a new variant, new atlantic charter, plan to build back better in the world.
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that is what took up our time. i don't think i could have asked a more cooperative or energetic spirit from our friends. >> your foreign secretary said this morning on television that he found president macron's remarks offensive. that's what your foreign secretary said at the g7. are you saying that's not a diplomatic row? >> i am saying we will do whatever it takes to protect the integrity of the summit. there was a colossal amount of work that had nothing to do with brexit. together with our friends and partners, we are launching projects for the benefit of the world. i am going to stick with what i
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said yesterday. who is next? robin? >> you would say climate change is the most serious issue facing the world. there doesn't appear to be a collective agreement on a binding timetable for concrete actions like eliminating coal mining or petrol cars. why is it important to get a timetable for these important steps? gordon brown has described the berlin vaccine as a moral failure. he said there is not enough vaccine for poorer countries. finally, do you have an opportunity to explain to president macron that it is as
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important to england as france. >> on the last part, of course we make the point that we are all one great, indivisible united kingdom. that's the job of the government to uphold that. on your point about the vaccines. you talked about a moral failure to supply more -- this is another billion made up of a massive contribution by the united states, other friends. the uk putting in another hundred million, this is june to june. don't forget this vaccine has only been invented recently. these vaccines have come john
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shall /* /* -- onstream recently. people should be proud that half a billion taken by the uk and astrazeneca to distribute at cost. covax, we are all doing everything we can to distribute vaccines. >> collectively -- [ question inaudible ] they say we are way behind schedule. >> we are going flat out. we are producing vaccines as fast as we can and distributing them as fast as we can. clearly there is much more to do. can we set a target to vaccinate
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the world by the end of next year. that will be done largely thanks to the efforts of the countries who have come here today. [ question inaudible ] >> yes. i think the g7 made great commitments on climate change. i mentioned phasing out coal. they agreed to stop the subsidy of coal mining around the world. everybody here at this meeting agreed -- at the g7 i should say agreed to net zero by 2050 plus nationally determined contributions by 2030. they all made significant steps forward towards the $100 billion
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we will need to support the developing world in tackling climate change. we, as the rich nations of the earth, we need to build our credibility with the countries in asking them to make cuts in co2 because this country is responsible for a huge amount of carbon in the atmosphere. that's why we put a billion into climate finance. this g7 you saw many other countries stepping up to the plate, and the eu, making big commitments. i am not going to pretend our work is done. the italian prime minister who is the chair, and the secretary-general of the un, and i, we are going to be on everybody's case between now and the summer and on into the
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autumn to get those commitments and to make sure we get the world into the right place. but i think we made a very good start. laura, bbc. >> the foreign secretary was very happy to talk about this this morning so i find is slightly strange you don't want to talk about it now. were you offended by president macron's comments yesterday about northern ireland in the campaign. do you wish you had been able to push your fellow leaders to get greater commitments? >> thanks, laura, to inviting me to answer that question for the third time. what i will say is that i think it is the job of the government of the unite the kingdom to uphold the integrity of the
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united kingdom. that subject -- i think i said to beth just now -- that occupied the schedule, vanishing of our small deliberations. and on the summit you relay from sources unknown. $2.5 billion pledged for girls' education is not half bad. as i said to robert, increasing pledges for global finance. i mentioned the 2030 pledge on the oceans and on another billion vaccines and so on. to say nothing of a new atlantic charter and new global campaign to help countries around the world to build back better and cleaner and greener.
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i think it's -- there is much else so i think it has been a highly productive few days. >> prime minister, you said last year that -- may be the cause of chinese covid. do you believe is? and news from wembley. some of the crowd just booed the england team for taking a knee. and would you personally take the knee? >> first of all, i do think there is a problem with these
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diseases and we have to focus on. it is a practice particularly prevalent in some parts of asia, southeast asia of farming wild animals. that is really where the risks are. at the moment the advice we have is that it doesn't look as though this particular disease origin came from a lab. clearly anybody sensible would want to keep an open mind about that. what we did agree -- yet another thing we agreed at the g7 -- was that we are having a new treaty on pandemic preparedness and to make sure the world works better in the future in tackling diseases like this. one of the things we agreed to do was to strengthen the world
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health organization and to make sure their inspectors can have powers similar to those used by their bcw or iea or other weapons inspectors who can go on the scene and try to determine, as independently as possible, exactly what is going on so that people can have confidence about the eastology of these diseases. hopefully in the future a lot of this disparity will be dispelled. yes, everybody should cheer for england. as for the possibility i might be called up to play on the england team. i live and hope, but i conceive it is not going to happen.
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it is a hypothesis. probably one of the most implausible hypotheticals of all of the questions ever thrown my way. martin of "the new york times." >> thank you very much, mr. prime minister and thank you for including a few international reporters on your list. you described president biden as a breath of fresh air a couple days ago. but it is also true you and your government worked extremely hard to cultivate your predecessor. there are lingering suspicions among democrats about the uk government. i am wondering what you would have said to the president to dispel those suspicions, what
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you would say to those in the u.s. that might view you as a physical and emotional clone of trump, and lastly, on northern ireland, how concerned are you that this will inevitably spill over into the u.s./uk relationship and cause you trouble on other issues? >> first of all, on the whole relationship of the uk and united states. and what has happened over the last few years. it is the job of all prime ministers, everybody who does my job, to have close working relations with the president of the united states. i think maybe what has been helpful or useful in building the partnership with joe biden
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has been the common interests we have in tackling climate change, which we discussed extensively, the campaign i have been running for a long time on female education, which he completely shares, but the whole idea of leveling up which is the core of what this government is trying to do, using infrastructure, using better skills, technology to give people access to high skills around the country. i know the president is engaged in a big program that bears some resemblance to a lot of that agenda. when it comes to building back better for the world and making sure we build back greener together, i think that we are
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totally on the same page. so it's been very refreshing to listen to him. you had some other point about yates. well, i think -- with greatest respect to all our friends around the world, this is something that we are going to fix. we will fix it in a pragmatic way. this is about making sure we protect the good friday peace process and the territorial aspect of the ux. >> i understand you don't want to get ahead of the announcement, but can you give a
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guarantee that full reopening will not be delayed longer than four weeks. and what is your message to people and businesses who might consider breaking the rules. >> i don't understand why people want to hear more about covid. i understand people's impatience. but the best thing is to get this all out in one package. that's what we will be doing tomorrow, as i said repeatedly. on your point about trips and that route, i think the crucial thing is to make sure that we
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build up capacity, manufacturing capacity, and manufacturing around the world, particularly in africa. i think we should be sharing knowledge as much as we can while protecting, as i think the doctor well put it, protecting the incentives for innovations. you have to accomplish both things at once. what we think is the right way to go is to sell these vaccines at cost. that's why we are particularly -- we champion the oxford astrazeneca model. we are getting lots of jabs into people by insisting they are sold at cost. i think that's a highly effective way of doing that.
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[ question inaudible ] >> the g7 agreed to look at that and see what they could do to expedite transfer of manufacturing capability. but the particular solution that we have come up with, which is making sure the vaccines are distributed at coston a nonprofit basis i think is the right way to go. let's go to you. >> since the beginning, your thinking has brought forward the importance of the indo-pacific region and the far east and concerns regarding china. in your personal view, why will
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this area be vital for our western democracy and why for you -- is this for you the new -- of the trans-atlantic future. and the financial package, you said more than once whatever it takes. the other day you said mistakes made during the 2008 financial crisis should never be made again. also, on the other end, inspired by the uk vaccination campaign.
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aside from the g7 summit connections, what it means to you and if there is a special relationship between italy and uk even though i know you don't like this label. >> there is a very close and investigation relationship between italy and the uk. we are actually intensifying that. we signed a partnership agreement that's been produced for two years to intensify cooperation from security to tech to trade. [ question inaudible ] >> correct. [ question inaudible ] >> we have just finished the work.
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we started that a couple years ago. we see it as an incredibly important partner. [ question inaudible ] >> you will have access as soon as it can conveniently be arranged. but i remember vividly being in lancaster heights in 2012 when there was the famous speech where he said we would do whatever it took to save the euro. it was incredibly successful. i think he is a brilliant columnist. it is an absolute pleasure to listen to him. he gave a very, very balanced summary of what we need to do now.
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we do need to relaunch the global economy. we do need to get things working again. we do need dynomism. but we need to be sure it is not as unbalanced as the last one in 2008. he was very powerful and effective on that. >> finally, heather -- [ question inaudible ] >> on the indo-pacific region, the answer is simple which is this is the area of the world where in the next 20 or 30 years you are going to see the bulk of
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middle classes rising and where there are some tensions at the moment that we think can be -- how shall i put it? tension that is can be allayed by the rules of the national system. we believe that the uk, together with other partners in the g7, including italy, is determined to do that. thank you. heather? >> just on climate finance. in a run up to this summit there was talk on the climate martial plan. you said it was a pleasure. it was more than a decade ago that the g7 met.
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just a few months. on vaccines we are way short on the number the w.h.o. thinks we need to populate 70% of the population with vaccines before the next g7 summit. >> on the view of the 100 billion. i am not saying it is going to be easy. it is a lot of money to raise. but the uk has put in 11.6 billion as you know. we had a big pledge from canada, big pledges around the table. i do think we can get there. i think it is vital we do. why should somebody in the developing world believe that they have to make some change in
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their technology to cut co2 unless -- when so much of the co2 has been emitted by us in richer countries. we have to make that commitment. that's the logic of it. on your point on vaccines, i reject that outright because the uk, as i said has given 1.6 billion to gabby, to covax and half a billion vaccines have been delivered around the world are getting jabs into people's arms. [ question inaudible ] >> i think you have to look at the results. i will tell you something. the point you just raised with
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me has not been raised by anybody else with any other international leader let alone the leader of a recipient country because they know that the uk is one of the biggest vendors in the world and they know in spite of the global pandemic, in spite of having to spend $4.7 billion supporting people in this country, we are spending $10 billion supporting the poorest and neediest around the world. we are still the second biggest contributor in the g7 and i think people can be very proud of it. i think i have exhausted your questions. thank you. >> boris johnson, the prime minister of the united kingdom
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and host of the g7 taking questions from reporters, and an american reporter and italian reporter. we are expected to hear from president biden. he has taken a helicopter to a nearby airport where he will take questions before he jets off to meet with the queen. back with me is ian. also -- it's always entertaining to watch boris johnson. there was a question from a reporter comparing him to donald trump, and physically to donald trump. but they are very different creatures. what caught your attention out of everything he said?
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substantively. there were a lot of reporters talking covid in uk. >> first of all i thought it was entertaining. his press conference was much more interesting than ours. i want to go into comparing him and trump. united kingdom is one of the most important allies. but there was a closeness there and it wasn't based on the ideologies of the leaders. it was based on history and shared values. i feel for prime minister boris johnson although he made an effort, maybe too much effort from a pr standpoint. it may not have helped him to cozy up to former president trump. he is trying to perpetuate a
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long standing relationship. i would have done the same thing and i would have advised him. and he said that president biden was a breath of fresh air. >> that's a horrible visual. boris johnson is in the strongest position of any person on that stage which is unusual given what he has gone through. it's because of jabs and being able to roll it out after an abysmal response. plus economic response. and labor leaders, et cetera. the uk's international position is horrible. the relation with eu, deeply problematic. with macron, ireland, the fight over the republic of ireland, the fight with eu, and the fact
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there may be fight down the road for scotland to have independence. it may not be a country down the road. the relationship is good, but not as good because he is not the ally. and that he said the bug may not have come from a lab? why does he say that? because they need the chinese. the uk from a global perspective is in serious trouble right now. >> your point about ideology is important because they are not all ideology aligned. when you take donald trump out of the equation, they seem to have a story that aren't around alignment. i come from canada.
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the relationship has been good not with standing what party the leaders are from. you read a summary of the communique. is there anything that matters or just that they had a communique and they left smiling? >> this is a strong communique. the covid stuff is obvious. you think this is a general communique, but they have explicit language on china. >> china hasn't been mentioned in the past two g7s. >> and they honed in on human rights abuse which i like personally. and what is going on in ethiopia. to highlight that. if the world's most advanced
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economies don't show leadership, nobody cares. they are listening to what these g7 leaders are saying. and i am interested in the kidnap for ransomware. as a result ransoms are going up because they have been paid a ransom. >> coming out of the putin meeting, this is more substantive. this is a minus. there is real response in regard to covid. >> here in america it's in the rearview mirror. there have been more covid deaths in 2021 than in all of last year.
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on a global scale this thing is very much in front of us. >> the europeans are almost where we are right now. the canadians are almost where we are right now. but the developing world are in the thick of it and desperately need our help and the g7 for the first time has actually shown they are going to be part of the solution. it is not enough, not fast enough or big enough, but it's meaningful. >> it may mean the next time we have a pandemic, and all of the people say we will, we can have something that can feel like a coordinated global response. >> no, we could see more response within the g7, not global. the rest of the world don't trust that chinese are being transparent and increasingly barely trust the chinese vaccine. the world's soon to be largest economy is china. we have a problem on that.
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>> hagar, it's late night in beijing, what do they think, that china is something that the g7 thinks they need to confront. >> if there is anything with china, if somebody punches, they punch back. they will not see this and feel threatened by this. >> china, their punch was back. we are reacting to something china has done going out into the developing world saying we will build you stuff and pay for your stuff. >> ian alludes to this. first of all, i completely agree on china. the threat they do pose given how large an economy are, given the transparency on the virus, this poses a problem.
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having seven democracies come out with a statement is a start against china, but they are not going to change their behavior. you need a larger group, beyond the g 20. it has to be their neighbors and trade partners. i don't want to be unrealistic and say it has to include a country like russia, but it does. >> it's useful that china is here. the alliance of the united states on china is not, it's the quad, india, canada, australia and the united states. that's where they are mostly engaging on thoughts on china. the uk is doing an awful lot of trade with the chinese.
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they need it. germans engage more on industrial technology. not so much here except for russia and ransomware. 5g, nothing here. why not? because the europeans are not prepared. canadas might, but not the europeans. common market, they are working with the chinese. as much as this was a useful step forward, this was not a united america and all allies. >> you were involved in the u.s.-led negotiations to come to agreement with iran. donald trump pulled out of that. the u.s. has lifted some sanctions on iran maybe saying if you play by the rules we can go back to the table. in the meantime iranians are
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talking to russia about military hardware. is that going to come up with biden and putin to say we need to deal with nuclear proliferation when it comes to iran, maybe it syria. while he has to push back on putin and say he is not trump, he has to get some things. >> i don't see iran as their number one issue on their agenda. and there are reasons for that. i wouldn't read too much into that. there is nothing there at this point in time. >> they just took people off the list. >> delistings can be routine. for iran it is not common. they didn't have a press release or statement prepared for it, it was meant to be conveyed. maybe it was an olive branch, but it doesn't mean we are near
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anything as far as negotiation. but with putin, president biden said friday he has things he wants to let him know. he was all tough guy about that. i really enjoyed watching that. that means that this to allow biden to talk about all the type of the farious behavior that he's not going to tolerate. and i thought the trip -- it's extremely strategic to start with the g7 and then the nato summit and walk into the meeting with switzerland. i'm not expecting putin to bow down or change his behavior, but it's at least a first step after the last four years in communicating to putin. this is what we're not going to stand for. we're not going to stand for your meddling in election, ransomware attacks, the interference in ukraine. we'll not stand for you propping us up in syria. and i have all these countries behind me and putin will probably laugh a little bit and it's going to take a lot of time but that communication is so crucial, especially -- >> unfortunately joe biden was
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the vice president of the united states the last time america told russia we'll not stand for your nonsense and then crimea happened. so -- >> yeah. >> is putin going to take -- >> and the red line on syria and obama didn't do anything about that. trump was the one that actually made that attack. the saying that you are not going to tolerate this on elections it was weak sauce. trump was seen as the useful idiot of putin. trump wanted to align with putin. he didn't. because everyone around trump refused to allow him to do it. >> hold that thought as we're talking about russia. andrea mitchell has just completed an interview with the u.s. secretary of state antony blinken. i'm going to speak to her in a moment. here's a bit of what she had in her discussion. >> when it comes to the cyber issues, in particular, ransomware, i don't want to get ahead of the president but one thing is clear. he's going to make clear that no responsible state can be in the
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business of harboring criminal enterprises engaged in cyberattacks, including ransomware. that's very much going to be part of the conversation. >> the purpose of the meeting is for the president to do two things. which he's made very clear already. it's to tell president putin directly that we would like a more stable, predictable relationship with russia and in that context, there may be an ability to work on some issues where we have overlapping interests. but, if russia is going to continue to take reckless or aggressive actions against us or against any of our partners or allies, we'll respond forcefully. i don't think we're going to get a clear and definitive answer from one meeting, but it's the start of testing the proposition of whether russia also seeks a more stable predictable relationship or not. >> and straight to president biden at cornwall airport. >> -- uk/u.s. partnership going
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and moving smoothly as it is now. we just wrapped up what's been an extraordinary collaborative and productive meeting in the g7. everyone at the table understood and understands both the seriousness and the challenges that we are up against. and the responsibility of our proud democracies to step up and deliver for the rest of the world. that's what the g7 is all about. and rallying the world's democracies to meet the challenges that the world faces. and deliver for our people and for people, quite frankly everywhere. and in a pandemic, and maintaining robust support for equitable and global economic recovery were the priority of our nations as we got together. we know we can't achieve one without the other. we have to deal with the pandemic in order to deal with economic recovery, which, as we're doing in the states, but
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we committed that we're going to do more for the rest of the world as well. the fact is that we -- the u.s. contribution is the foundation, the foundation to work out how we're going to deal with the hundred nations that are poor and having trouble finding vaccines and having trouble dealing with reviving their economies if they were in the first place in good shape. and we -- i committed that we would provide a half a billion, a half billion, beyond the 80 million we've already done, half a billion doses of pfizer vaccine which we contracted to pay for. in addition to money we put into the covid project, which is that -- i know you all know, but a lot of people may not know what covid is. it's a system whereby they're going to provide funding for states to be able to get access to vaccines on their own as
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well. the bottom line is what that generated was a commitment by the rest of our colleagues at the g7 that they would provide another half billion. so we're going to have a billion doses of vaccine. and in our case, the -- that includes sharing more than the -- not just the 1 billion doses overall but we're going to provide for 200 million of those doses by the end of the year. another 300 million by the first half of next year. and so it's greeted with some enthusiasm. and we have agreed to work together so that the world is better prepared to detect and deal with future pandemics because there will be future pandemics. we have a -- i'm sure you've seen it if you haven't, you'll get it, a joint statement we put out of the g7. you've seen it i'm sure. and we are committed to follow on to do some significant work,
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including not only how we deal with the distribution and help in getting shots in arms for the rest of the world but how we're going to deal with putting together a mechanism to anticipate and deal with and be aware of the next pandemic when it comes along. and there will be others. and we also agreed to take important steps to support global economic recovery by laying the foundation for an equitable global economy. critically, the g7 leaders endorsed a global minimum tax of 15%. too many corporations have been engaged in what are essentially tax havens, deciding that they would pay considerably less than other environs around the world. but this is going to make sure there's a minimum tax, and i'm going to move on this at home as well. minimum tax for corporations to pay for the profits they make anywhere in the world. and this agreement is going to
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help arrest the race to the bottom that's been going on among nations attracting corporate investment at the expense of priorities like protecting our workers and investing in infrastructure. we also made a commitment to help meet more than $40 trillion need that exists for infrastructure in the developing world. i put forward an idea that was called -- we named build back better world partnership, which is -- we're calling it the bbbwp. china head this belt and road initiative and we think there's a much more equitable way to provide for the needs of countries around the world. and so it's been a values-driven, high-standard transparent financing mechanism.
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we're going to support projects in four key areas -- climate, health, digital technology and gender equity. and we believe that will not only be good for the countries but it will be good for the entire world and represent values that our democracies represent. and not autocratic lack of values. by harassing the full potential of those who are harassing, we're going to have to try to change things. that's the whole idea. but here's the deal. we're going to make sure that we are able to pull together the ability to use the development financing institutions and other development tools to expect a bold new infrastructure investment in low and middle income countries over the coming years. much of it coming from the private sector which will generate the capital put in will generate significantly more capital from the private sector. we also made historic commitment to permanently eliminate the use of our public finance to support
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unabated coal projects around the world. and to end and to end them by this year. the g7 agreed to that. and those who are not members but visiting members who are participating in the g7 who have coal-fired facilities. they've also agreed they would work in that direction as well. so transitioning the world to cleaner energy sources is urgent. it's essential. if we're going to beat the climate -- and there is one of the things some of my colleagues said to me when i was there was, well, the united states' leadership recognizes there is global warming. and i understand that sounds silly, but we had a president who basically said it's not a problem, global warming. it is the existential problem facing humanity. and it's being treated that way. so we're going to provide up to $2 billion to support developing countries as they transition
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away from unabated coal-fired power. in addition, we also agree to tackle corruption, which is a threat to societies everywhere. i pointed out in the conversation i had with one of the leaders of -- well, actually with china. and it was a request for me not to try to -- when i was asked what i'm going to be doing, after being elected, i said we're going to re-establish the strength of american relationships so we can be counted on again. alliances. and suggested that maybe you shouldn't get the quad, meaning india, japan, australia and the united states working together. and maybe you shouldn't be pushing on strengthening the european union to deal with the west and so on. and i said for an american president to -- every president
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