US EditionG7 Finance Ministers Consider Stepped-Up Sanctions Against Russia
- G7 finance ministers met in the Canadian Rocky Mountains on May 22, 2025, to consider stepped-up sanctions against Russia over its war in Ukraine.
- The meeting followed ongoing diplomatic efforts, including a May 19 call between Trump and Putin and recent face-to-face talks between Russian and Ukrainian officials.
- Ministers pledged to keep Russian sovereign assets frozen until the conflict ends and Ukraine is compensated, while rejecting Russia’s buffer zone proposal as proof of its disinterest in peace.
- Canadian Finance Minister Champagne called the pledge against allowing profiteers from Russia’s war machine to benefit from Ukraine’s rebuilding a "fundamental pillar of the communique."
- The G7’s agreement suggests possible new sanctions if Russia resists cease-fire efforts, with frozen assets maintained until Moscow ends aggression and pays damages.
14 Articles
14 Articles
G7 Finance Ministers Consider Stepped-Up Sanctions Against Russia
Finance ministers and central bank governors from the Group of Seven democracies agreed during a meeting in western Canada that Russia could face further sanctions if it resists a push toward a cease-fire in its war in Ukraine. The G7 finance chiefs condemned Russia's "brutal war" in a communique on May 22 at the end of their meeting and said that if efforts to achieve a cease-fire failed, they would explore all possible options, including "furt…
Russia has invaded Ukraine militarily. The US and Russia have begun talks on Ukraine. Follow the latest news on the war in Ukraine minute by minute.
The G7 issued a communiqué in which it committed itself to maintaining the Russian assets frozen until the war ended, declared support for Ukraine and welcomed the efforts "to reach a ceasefire".
The G-7 countries in a joint statement confirmed support for Ukraine; condemned the war launched by Russia against Ukraine; stressed that frozen Russian assets will remain immovable until Russia stops its aggression and pays for the damage it has caused to Ukraine.
Because of the war initiated by Russia, Ukrainian homes suffer from enemy attacks. Citizens whose homes have been damaged may receive monetary compensation from the State. [See_also ids="637668"] The legal adviser for IDPs explained how to obtain compensation for damaged property if one of the co-owners has died. They noted that, in accordance with paragraph 10-3 of the procedure for providing compensation for the restoration of certain categori…
The group of seven most developed countries (G7) announced today that they will tighten sanctions against Russia if Moscow does not agree to a ceasefire in Ukraine.
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