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German business lobby groups call for Russia's inclusion in G7

04:56 PM | 31 May, 2015
German business lobby groups call for Russia's inclusion in G7
BERLIN (APP) - Russia should be invited to rejoin a summit of the Group of Seven industrial powers next weekend, the heads of two German business lobby groups were quoted as saying on Sunday.

The leaders of the G7 nations held a summit without Russian President Vladimir Putin last year in protest against Russia's annexation of Ukraine's Crimea region.

With little sign of the fighting in eastern Ukraine ending despite a ceasefire deal agreed in Minsk over three months ago, the exclusion has continued for a second year running. Eckhard Cordes, chairman of

Germany's Committee on Eastern Economic relations, which represents the interests of about 200 companies with investments in Russia, said barring Russia from the summit was a missed opportunity.

"A G7 meeting with Russia could contribute to solving crises and stir Russia into constructive steps in the Ukraine conflict," Cordes told the Welt am Sonntag newspaper, adding it was always better to talk with each other than about each other. Relations between Russia and the West have deteriorated over the conflict in Ukraine. The European Union on Saturday criticised a new Russian blacklist which bars 89 EU politicians from entering the country, calling it "arbitrary and unjustified."

Matthias Platzeck, chairman of the German-Russian Forum business lobby and senior member of the Social Democrats (SPD), also said it was time to invite Russia back to the G7. "The process of disintegration in the Middle East, in Iran, Afghanistan and Syria can only be solved with Russia," he told the paper, adding international terrorism can only be fought with information from Russia's secret services.

German Chancellor Angela Merkel will host leaders from the United States, Britain, France, Canada, Italy and Japan at a Bavarian castle on June 7-8.

Last month German Foreign Minister Frank-Walter Steinmeier dismissed calls to invite Russia to the G7, saying it could not just be "business as usual" after the illegal annexation of Crimea.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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