Finance ministers from the G7 countries are meeting in Banff for a three-day summit to talk about major global issues, including support for Ukraine, trade tensions with China, and concerns over U.S. policy under President Donald Trump.
Top finance leaders from G7 nations gathered in Alberta, Canada, on Tuesday to address the ongoing war in Ukraine and growing global economic instability, much of it driven by U.S. President Donald Trump's tariffs. The summit, which runs through Thursday, aims to tackle shared economic challenges and forge a unified stance on Ukraine, with Ukrainian officials invited to take part in the discussions.
Canada emphasized its continued support for Ukraine by including a Ukrainian minister at the opening of the talks. “Ukraine’s presence sends a strong message to the world,” said Canadian Finance Minister François-Philippe Champagne, reaffirming the G7's commitment to backing Ukraine against Russia's invasion. He also noted that the group would discuss plans for Ukraine’s post-war reconstruction during the summit.
The meeting comes at a time of uncertainty in G7 unity over Ukraine, particularly following Trump’s return to power. Once closely aligned, the G7 bloc—comprising Britain, Canada, France, Germany, Italy, Japan, and the U.S.—has seen tensions rise due to Trump’s outreach to Russia and the imposition of tariffs on both allies and rivals.
Ukrainian Finance Minister Sergii Marchenko said he would use the summit to press for increased pressure on Russia and reinforce Ukraine’s key priorities.
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Export controls and critical minerals were key issues of discussion when G7 finance ministers met virtually on Monday (8 December). Countries continue to look at alternatives to move away from China's dominance in the rare-earth sector.
More than 60 Indigenous artifacts held in the Vatican for 100 years, including a rare Inuit kayak, arrived in Montreal, where First Nation, Métis and Inuvialuit leaders welcomed them home with ceremony, song and emotion.
Canada has officially removed Syria from its list of state sponsors of terrorism, the country’s Foreign Ministry announced Friday.
Canada and India have agreed to restart negotiations for a new trade deal, Indian officials confirmed on Sunday, after talks stalled following a diplomatic spat two years ago.
Ukraine has welcomed the European Union’s decision to provide €90 billion in support over the next two years, calling it a vital lifeline even as the bloc failed to reach agreement on using frozen Russian assets to finance the aid.
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
Petroleum products are being transported by rail from Azerbaijan to Armenia for the first time in decades. The move is hailed as a tangible breakthrough in efforts to normalise relations between the long-time rivals.
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
U.S. President Donald Trump delivered a wide-ranging address from the White House in which he sought to highlight what he described as his administration’s achievements while laying the groundwork for his plans for the year ahead and beyond, on Wednesday (18 December).
U.S. intelligence sources indicate that Russian President Vladimir Putin still intends to take control of all of Ukraine and reclaim parts of Europe that once belonged to the Soviet Union. These assessments contradict Putin’s repeated claims that he poses no threat to Europe.
UN Secretary-General Antonio Guterres has issued a stark warning over the humanitarian situation in the Gaza Strip.
The United States says it is working to secure a renewed ceasefire between Thailand and Cambodia, expressing cautious optimism that an agreement could be reached early next week, Secretary of State Marco Rubio said on Friday.
Iran has called for greater international support in hosting millions of Afghan refugees, warning that it is becoming increasingly difficult to manage the long-term humanitarian burden without a fair sharing of responsibilities.
Ukraine has carried out its first aerial drone strike on a Russian “shadow fleet” oil tanker in the Mediterranean Sea, reflecting a growing intensity in Kyiv’s attacks on Russian oil shipping, officials said on Friday (19 December).
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