G7 finance ministers show unity in support of Ukraine against Russia

The main economic decision-makers of the United States and other advanced economies agreed on Thursday to continue supporting Ukraine and warned Russia of additional sanctions if there was no progress on peace, demonstrating a rare demonstration of unity despite the Purns tensions on prices and trade.

The finance ministers and central bankers of the group of 7 nations continued to blame Russia for the war in Ukraine, despite an initial resistance from the United States, and is committed to providing resources to help Kyiv maintain its economy and pay for its reconstruction. Officials also discussed the tightening of the price ceiling they have promulgated on Russian oil exports as a measure to express the economy of Russia more.

“We condemn the continuous brutal war of Russia against Ukraine and congratulate the immense resilience of the people and the Ukrainian economy,” they said in a joint statement or a press release. “The G7 remains determined to unwavering Ukraine by defending its territorial integrity and its right to exist, and its freedom, its sovereignty and its independence towards a just and lasting peace.”

The press release added that if a ceasefire is not reached, “we will continue to explore all possible options, including options to maximize pressure such as additional sanctions.”

The Ukraine Agreement culminated after three days of meetings in Banff, Canada, the Mountain Resort where officials also discussed the risks of the global economy, faced with the threat of the Chinese industrial and sanctions. The united position on Ukraine has come despite the mixed signals of President Trump, who threatened Russia with more strict sanctions and indicated a desire to move away from Ukraine and to open trade relations with Moscow.

The language on Russia in the declaration had a softer tone compared to a year ago, when the G7 finance ministers assaulted “a large -scale invasion of Ukraine”, unjustifiable and not caused by Ukraine “.