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G7 Finance Ministers Push for Unity on Ukraine and Trade Disputes in Banff Talks

Canada hosts G7 summit aimed at strengthening support for Ukraine, rolling back U.S. tariffs, and addressing economic imbalances.

Les drapeaux des membres du G7
La photo de famille du G7 Finances, à Banff, au Canada, le 21 mai 2025
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Overview

  • Ukraine's Finance Minister Sergii Marchenko joined the G7 meeting as a special guest, advocating for stronger sanctions against Russia.
  • European G7 members are pressing for unequivocal language supporting Ukraine in the summit's final communiqué.
  • The U.S. delegation, led by Treasury Secretary Scott Bessent, faces pressure to reverse tariffs imposed by President Trump in April that have strained global trade relations.
  • Canada, as host, has emphasized the need to restore economic stability and growth while addressing trade imbalances and unfair practices.
  • Discussions highlight divisions within the G7, with efforts focused on reconciling differing approaches to Ukraine and U.S. protectionist policies.