G7 finance ministers stand united with Ukraine, pledging long-term support and accountability for Russia as global talks continue in Banff, Alberta.
G7 Finance Ministers Express Unified Support for Ukraine
At the G7 finance summit in Banff, Alberta, Canadian Finance Minister François-Philippe Champagne declared that finance leaders from the world’s leading economies remain “shoulder to shoulder” with Ukraine. Standing alongside Ukraine’s Finance Minister Sergii Marchenko, Champagne emphasized that the presence of Ukrainian leadership at the summit reinforces a clear message: the G7 is committed to holding Russia accountable.
$500 Billion Needed for Ukraine’s Reconstruction
Champagne revealed that Ukraine’s reconstruction could exceed US$500 billion over the next decade. He called the global response not only a financial priority but also a moral imperative. As the war continues, G7 members are exploring funding options to help Ukraine rebuild its economy and infrastructure.
Ukraine’s Seat at the Table, Despite Non-Membership
Though Ukraine is not an official G7 member, Marchenko’s participation underscores the urgency of coordinated support. Champagne confirmed that the two ministers engaged in discussions with global pension funds and private investors to strategize the next phase of aid and recovery financing.
Global Economic and AI Agendas Also in Focus
The three-day summit is addressing broader economic issues, including the role of artificial intelligence in global finance. However, continued support for Ukraine remains a dominant theme, especially after last year’s G7 commitment in Italy to freeze Russian assets and redirect them to support Ukraine’s recovery.
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