Finance ministers and central bank governors from the Group of Seven democracies pledged on Thursday to address "excessive imbalances" in the global economy and said they could increase sanctions on Russia.

Finance ministers from the G7 have emerged from their summit in Banff, Alta., with a joint communique emphasizing a commitment to strong economic relationships in a period of global trade uncertainty.

Finance ministers and central bank governors from the Group of Seven democracies pledged on Thursday to address "excessive imbalances" in the global economy and discussed lowering the G7 price cap on Russian crude oil exports to $50 per barrel,

G7 Discussions Focused On Improving Dialogue On Tariffs, Fixing Problems In Global Trading System - Says 'We Are Pleased To See That Uncertainty Has Come Down' BOC's Macklem: IMF, With G7 Encouragement,

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the fin

German Finance Minister Lars Klingbeil said on Thursday the Group of Seven advanced economies will most likely have a joint communique showing its support for Ukraine.

Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.

G7 finance ministers and central bank governors meet in Banff, Canada, from Tuesday to Thursday this week. Click to read.