G7 finance ministers voiced growing concern over rising public debt and volatile bond markets as they met in Paris on Monday following a global sell-off driven by fears that the Iran conflict could fuel inflation.
France has rejected claims that South Africa was dropped from the guest list for this year’s G7 summit under pressure from United States, insisting the decision to invite Kenya was its own.
Ukraine called for more support during the G7 summit in Canada. President Volodymyr Zelenskyy made a direct appeal at the two-day gathering, while Canada’s Prime Minister Mark Carney announced fresh sanctions on Russia and a major new aid package for Kyiv.
Australia is set to begin negotiations on a new security and defence partnership with the European Union, while also pushing for a long-anticipated trade agreement, Prime Minister Anthony Albanese announced at the G7 summit.
The Kremlin backed U.S. President Donald Trump's claim that Russia’s expulsion from the G8 in 2014 was a mistake but dismissed the relevance of the current G7, calling it “rather useless.”
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
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