G7 threatens further sanctions if Russia fails to agree Ukraine ceasefire

I think it sends a very clear signal to the world … that the G7 is united in purpose and in action,

Champagne told the closing news conference

Valerii Zaluzhnyivalerii

I hope that there are not people in this room who still hope for some kind of miracle or lucky sign that will bring peace to Ukraine, the borders of 1991 or 2022 and that there will be great happiness afterward,

the RBK Ukraine news site quoted Zaluzhnyi as telling a forum in Kyiv

Friedrich Merzchancellor

There is a threat to us all from Russia,

Merz told reporters in Vilnius

If such a ceasefire is not agreed, we will continue to explore all possible options, including options to maximize pressure such as further ramping up sanctions,

a final communique following the group's meeting in Canada said

We agree to work together with Ukraine to ensure that no countries or entities, or entities from those countries that financed or supplied the Russian war machine will be eligible to profit from Ukraine's reconstruction,

it said

Valdis Dombrovskiseuropean Commission economy chief

The U.S. administration is having a somewhat different view of the situation,

Dombrovskis told reporters

Throughout our G7 presidency, the tone of the discussions has become progressively more constructive,

Tiff Macklem, governor of the Bank of Canada, said at a news conference at the conclusion of the summit

We condemn Russia’s continued brutal war against Ukraine and commend the immense resilience from the Ukrainian people and economy,

they said in a joint statement, or communiqué

I had a very productive day,

Mr. Bessent said on Wednesday evening as he got into a car to join his G7 counterparts for a dinner atop Sulphur Mountain

Valdis Dombrovskiseuropean Commission economy chief

From the E.U. side, we still see, as always, tariffs creating negative economic effects for the E.U., for the U.S., for the global economy in general,

said Valdis Dombrovskis, the European commissioner responsible for the European Union’s economy

François-Philippe Champagnecanadian Finance Minister

Definitely there will always be tension around tariffs,

said François-Philippe Champagne, the Canadian finance minister, who noted that Canada was America’s biggest export market

International organizations signaled at our last meeting that trade and economic policy uncertainty was high and weighing on global growth,

they wrote in the joint statement

François-Philippe Champagnecanadian Finance Minister

We get along very well together,

Mr. Champagne said during his closing news conference

We agree on the importance of a level playing field and taking a broadly coordinated approach to address the harm caused by those who do not abide by the same rules and lack transparency,

it said

We will make it clear and I am very positive that we will also reach a joint communique,

Klingbeil said at a press conference in Banff

I am optimistic that in the end such formulations will also be included in the communique, but please wait for the exact wording, as I want to leave that to the Canadian presidency this afternoon,

he said