Japan signs deal on $3 billion for Ukraine under G7 loan
Japan's funds will be disbursed over 30 years and directed toward budgetary needs and to support reconstruction and development.
G7
US blocking G7 statement denouncing Russia's Sumy strike, Bloomberg reports
The U.S. has told the other G7 members it would not support a joint statement condemning Russia's deadly attack on Sumy last week so as not to disrupt peace efforts, Bloomberg reported on April 15, citing undisclosed sources.
EU provides $1 billion in aid to Ukraine backed by frozen Russian assets
"With today's payment of 1 billion euros, we are reiterating our steadfast commitment to Ukraine. We are helping the country's economy stay on course and rebuild critical infrastructure damaged by Russian aggression," European Commission President Ursula von der Leyen said.
New Canadian prime minister invites Zelensky to attend G7 summit in June
Newly elected Canadian Prime Minister Mark Carney has invited President Volodymyr Zelensky to attend the Group of Seven (G7) summit in June, Le Journal de Quebec reported on March 17, citing a Canadian Foreign Ministry spokesperson.
G7 ministers affirm support for Ukraine amid US tensions with allies
The group’s communiqué, released on March 14, affirmed Ukraine’s "territorial integrity and right to exist," while condemning Russian "acts of aggression." However, its language was softer than the G7 leaders' statement from November 2024.
US vetoes G7 proposal to establish task force on Russia's 'shadow fleet,' Bloomberg reports
The United States vetoed a Group of Seven (G7) proposal to establish a joint task force that would tackle sanctions evasion related to Russia's 'shadow fleet,' Bloomberg reported on March 8.
Ukraine receives $970 million from UK under G7 loan covered by Russian assets
"The funds will go towards strengthening Ukraine's defense capabilities," Prime Minister Denys Shmyhal announced on March 7.
UK to provide $2.8 billion loan to Ukraine backed by frozen Russian assets
The loan, which is part of the Group of Seven's (G7) Extraordinary Revenue Acceleration (ERA) credit initiative, was signed amid President Volodymyr Zelensky's visit to London to meet with U.K. Prime Minister Keir Starmer.
Russia will not be readmitted to G7, German finance minister says, rebuffing Trump
U.S. President Donald Trump said on Feb. 13 that he would "love" to see Russia readmitted into the G7, calling Russia's 2014 expulsion from the group a "mistake."
G7 still discussing joint statement on Russia's full-scale invasion due to disagreement with US
Canadian Foreign Minister Melanie Joly's statement comes after the U.S. voted against the U.N. resolution, which condemns Russia's full-scale invasion on Feb. 24.
Zelensky, Trump have 'good' conversation during G7 meeting
"As for Donald Trump... We have just had a conversation. It was a very good conversation within the framework of the G7 meeting led by Canada," President Volodymyr Zelensky said.
Canada disbursing 1st tranche of its G7 loan contribution for Ukraine
Canadian Prime Minister Justin Trudeau also announced new military assistance, including 25 LAV III infantry fighting vehicles, two combat support vehicles, and four F-16 flight simulators.
Canada opposes Russia's return to G7, vows to 'stand its ground,' ambassador says
"Canada is not ready for a change in the membership of the G7 and is standing its ground," Canadian Ambassador to Ukraine Natalka Cmoc said.
Ukraine war latest: Zelensky-Kellogg meeting ends with no joint statements at US request, spokesperson says
Key developments on Feb. 20: * Zelensky-Kellogg meeting ends with no joint statements at US request, spokesperson says * Starmer to pitch plan on 30,000 European peacekeepers in Ukraine to Trump, Telegraph reports * US refuses to co-sponsor UN resolution condemning Russia, resists labeling Moscow 'aggressor' in G7 statement, media report * Russia
US refuses to co-sponsor UN resolution condemning Russia, resists labeling Moscow 'aggressor' in G7 statement, media report
"In previous years, the United States has consistently co-sponsored such resolutions in support of a just peace in Ukraine," a source told Reuters.
G7 leaders: Future sanctions hinge on Russia's 'good faith efforts' during peace talks
The Group of Seven (G7) countries agreed to link any future tightening of sanctions against Russia to the progress of upcoming peace negotiations, after a meeting on Feb. 15.
Russia should be readmitted into G7, Trump says
U.S. President Donald Trump said on Feb. 13 that he would "love" to see Russia readmitted into the Group of Seven (G7), calling Russia's 2014 expulsion from the group a "mistake."
G7 ambassadors urge swift resolution of Defense Procurement Agency's leadership dispute
Ambassadors of the Group of Seven (G7) countries called for a quick resolution of the Defense Procurement Agency dispute and urged uninterrupted continuation of weapons procurement, according to their statement on Jan. 27.
Trudeau to resign as Prime Minister, party leader, to stay in office until replacement selected
Trudeau has faced mounting pressure from his party, particularly after the abrupt resignation of Deputy Prime Minister and Finance Minister Chrystia Freeland on Dec. 16.
Ukraine receives first $1 billion as part of US batch of frozen Russian assets profits
This is the first tranche of the planned $20 billion that the U.S. intends to provide as part of the G7 initiative.
Ukraine begins receiving first funds covered by frozen Russian assets proceeds
Ukraine is already receiving U.S. funds under the framework of the G7's $50 billion loan covered by profits from frozen Russian assets, Prime Minister Denys Shmyhal said on Dec 20.
G7 discusses slashing Russian oil price cap, complete ban, Bloomberg reports
Discussions reportedly include lowering the current $60-per-barrel cap to approximately $40 or even implementing a complete ban on Russian oil supplies.
Ukraine's tax hike, G7 loan enough for planned defense expenses in 2025, Finance Ministry says
For the next year, Ukraine allocated 26.3% of its gross domestic product (GDP) to defense and security expenditures, including Hr 740 billion ($17.7 billion) for arms purchases and Hr 50 billion ($1.2 billion) on the production and purchase of drones.
US announces $20 billion loan for Ukraine as part of G7 initiative
The U.S. Treasury Department announced on Dec. 10 that it will provide $20 billion in loan assistance to Ukraine, marking its contribution to a broader $50 billion initiative supported by G7 countries.
The Week Ahead: Key Developments Impacting Global Politics & Markets
Editor's note: This article is a shortened on-site version of KI Insights' The Week Ahead newsletter covering events from Dec. 9 to Dec. 15. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. Romania's newly elected Parliament to set
EU prepared to step in if Trump withdraws from $50 billion Ukraine loan, official says
Polish Deputy Finance Minister Pawel Karbownik said on Dec. 4 that the European Union is prepared to compensate if the U.S. withdraws from a $50 billion multilateral loan agreement for Ukraine.
Ukrainian journalists meet G7 ambassadors to discuss country's media landscape
"Press freedom and pluralism are crucial for strengthening democracy, supporting political debate, and advancing Ukraine’s Euro-Atlantic path," the G7's representation in Ukraine said on X.
Frozen Russian assets face uncertain future under Trump
There are some $4-5 billion of frozen Russian assets in the U.S. and it will be up to President-elect Donald Trump to decide what to do with them when he takes office in January 2025. After Russia’s full-scale invasion of Ukraine, Western nations froze around $300 billion of
G7 allies expected to increase pressure on China over support for Russia, Bloomberg reports
The foreign ministers of Group of Seven (G7) countries are expected to agree to increase diplomatic pressure on China over the country's support for Russia's 'war machine' in Ukraine, Bloomberg reported on Nov. 25, citing an early draft of a communique seen by the publication.
G7 leaders reaffirm commitment to 'severe costs' for Russia and 'unwavering support' for Ukraine
Leaders of the Group of Seven (G7) released a statement reaffirming their "unwavering support for Ukraine for as long as it takes" and commitment to "severe costs" for Russia on Nov. 16.
World's largest business organization cuts arbitration costs to boost foreign investment in Ukraine’s reconstruction
The International Chamber of Commerce (ICC), will lower the costs of its arbitration court for foreign investors involved in Ukraine's reconstruction projects to encourage much-needed investment.
North Korean military involvement in Russia's war to be met with 'coordinated response,' G7 foreign ministers say
Besides the G7 members, including the U.S., Japan, Italy, the U.K., Germany, France, Canada, and the High Representative of the European Union, the statement was also signed by South Korea, Australia, and New Zealand.
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