Douglas Rediker, founding partner of International Capital Strategies and a nonresident senior fellow at Brookings, discusses a range of global economic challenges that G7 leaders tackled in their recent summit in Germany. These include a U.S. proposal to cap the price of Russian energy exports (and why Rediker is skeptical about it); Russia’s default on sovereign debt and the risk of debt default in developing countries; the role of Chinese lending in developing economies; and the enormous cost of rebuilding Ukraine and who might bear it.