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G7 finance ministers reaffirm unwavering support for Ukraine

Jul 17, 2023

The finance ministers of the G7 countries have reaffirmed their unwavering support for Ukraine amid a full-scale Russian invasion.

This was stated by Japanese Finance Minister Shunichi Suzuki, Kyodo reports.


"We have confirmed that we will not waver in our support for Ukraine," Suzuki said after chairing a meeting of the G7 countries on the eve of the G20 financial meeting in Gandhinagar, western India.

Ukraine's Finance Minister Sergii Marchenko joined the meeting virtually.

The G7 finance ministers discussed their coordinated response to Russia as a strengthening of economic sanctions against the aggressor country. The politicians also raised the issue of global tax reforms targeting multinationals, which is on the agenda of the G20 meeting.

Ahead of the G20 finance ministers' meeting on Monday and Tuesday, the G7 ministers emphasized the need to achieve the goal of tax reforms in 2025 and called on multinationals to pay their fair share.

Author – Anastasiya Glotova, 17/07/2023

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