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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