The French leader declared that there will be no restrictions on diesel exports among the members of the Group of Seven (G7), which comprises the seven richest nations on the planet. According to the French head of state, whose country currently holds the rotating presidency of the G7, the combined actions of the seven largest industrialized economies should result in a decrease in fuel costs.
The G7 is composed of Germany, Canada, the United States, France, Italy, the United Kingdom, and Japan, with the European Union (EU) also participating in the group's meetings.
Before this statement by Macron, the Irish presidency of the EU Council reported that ambassadors from the member states of the European bloc would discuss the current energy situation in Brussels late in the afternoon, with a special focus on diesel.
A spokesperson for the semi-annual presidency of the EU Council admitted that the diesel market is currently facing a severe shortage, which is causing high prices for consumers globally.
The European Commission warned today that a possible ban on diesel exports, considered by the United States, would be detrimental to everyone and jeopardize Washington's status as a reliable partner. The European Commission spokesperson, Anna-Kaisa Itkonen, warned during the daily press conference: 'We totally reject any ban on diesel exports. Such a ban would benefit no one and compromise our trust in the United States as a reliable partner.'
This warning came at a time when the United States was considering banning its oil exports, after the American president, Donald Trump, argued on Thursday that European countries should make their reserves of this fuel available 'to mitigate market disruptions.'