German Finance Minister Lars Klingbeil expressed hope that the G7 will issue a joint communique supporting Ukraine, despite tensions with the US over wording related to the conflict with Russia. Talks also continue on trade issues and sanctions.
German Finance Minister Lars Klingbeil said he was optimistic that the Group of Seven (G7) advanced economies would agree on a joint communique expressing support for Ukraine, despite differences with the US over the wording related to the ongoing conflict involving Russia.
Earlier reports indicated uncertainty about whether G7 finance ministers meeting in Canada could agree on language, with some US officials reportedly seeking to remove terms describing Russia’s military actions in Ukraine as “illegal.”
Speaking at a press conference in Banff, Klingbeil said, “I am very positive that we will also reach a joint communique.” He added that if no progress is made toward negotiations, further sanctions could be considered.
The EU and UK recently announced new sanctions against Russia without waiting for the US to join, following a call between US President Donald Trump and Russian President Vladimir Putin that did not lead to a ceasefire or new US sanctions. European leaders have urged the Trump administration to participate in imposing new measures if diplomatic efforts stall.
Klingbeil noted that G7 finance ministers, along with their Ukrainian counterpart, described the conflict as a “brutal war” and emphasized continued support for Ukraine.
“I am optimistic that such wording will be included in the communique, but please wait for the exact text,” Klingbeil said, deferring to the Canadian presidency managing the final statement.
On trade, Klingbeil met with US Treasury Secretary Scott Bessent and agreed to hold further talks in Washington. He said, “We have always discussed forward, how we can take steps together to find solutions.”
However, Klingbeil warned that if no agreement is reached with the US on tariffs, market turbulence could quickly return. The Trump administration currently applies tariffs of 25% on steel, aluminum, and cars, along with a baseline 10% tariff on most imports, and has threatened additional tariffs if negotiations fail.
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Anti-government demonstrations in Serbia intensified on Saturday (August 16), as police deployed teargas and crowd-control vehicles to disperse protesters in Belgrade.
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A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
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Air Canada announced Saturday that it has suspended all flights after 10,000 flight attendants launched a strike, forcing Canada’s largest airline to halt operations of both Air Canada and its low-cost subsidiary, Air Canada Rouge.
At least 31 people, including seven children and a pregnant woman, were killed and 13 others injured in artillery shelling by the Rapid Support Forces (RSF) on El Fasher’s Abu Shouk displacement camp in North Darfur on Saturday, volunteer groups said.
The State Department confirmed on Saturday that all visitor visas for individuals from Gaza are on hold while it conducts “a full and thorough” review. Officials said only “a small number” of temporary medical-humanitarian visas had been issued in recent days but declined to give figures.
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