Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > US aligns with G7, urges Russia to accept Ukraine ceasefire
    Finance

    US aligns with G7, urges Russia to accept Ukraine ceasefire

    US aligns with G7, urges Russia to accept Ukraine ceasefire

    Published by Global Banking and Finance Review

    Posted on March 14, 2025

    Featured image for article about Finance

    By John Irish and Daphne Psaledakis

    LA MALBAIE, Canada (Reuters) -The United States drew closer to its G7 allies on Friday, overcoming differences, at least momentarily, to back Ukraine's territorial integrity and warn Russia to follow Kyiv in accepting a ceasefire or face possible further sanctions.

    A joint foreign ministers' communique followed weeks of tension between U.S. allies and President Donald Trump over his upending of Western trade, security and Ukraine-related policy.

    G7 officials had feared they would not be able to agree on an all-encompassing document touching on geopolitical issues from across the world, divisions that they said could have played into the hands of both Russia and China.

    Speaking to reporters after the meeting, Secretary of State Marco Rubio said the U.S. felt good about the joint statement.

    "When it comes to different issues, Ukraine and the Middle East, we've had sessions talking about these different issues, subjects, and the goal was to keep strong G7 unity," Canadian Foreign Minister Melanie Joly told reporters.

    The Group of Seven ministers from Britain, Canada, France, Germany, Italy, Japan and the United States, along with the European Union, convened in the remote tourist town of La Malbaie, nestled in the Quebec hills, for meetings on Thursday and Friday that in the past have been broadly consensual.

    But in the run-up to the first G7 meeting of Canada's presidency, the crafting of a final statement had been difficult with wrangling over the language regarding Ukraine, the Middle East and Washington's desire for tougher wording on China.

    The communique "reaffirmed their unwavering support for Ukraine in defending its territorial integrity and right to exist, and its freedom, sovereignty and independence."

    Ukraine's territorial integrity has largely been absent from the U.S. narrative since the Trump administration came to power on January 20. The U.S. under Trump has so far not ruled out the possibility that Kyiv might cede territory. 

    Officials said they had been surprised by the United States' signing off on parts of the Ukraine language, saying that American diplomats and Secretary of State Marco Rubio were repeatedly asked whether the White House backed the language.

    While satisfied with Friday's outcome, which was in line with U.S. efforts at present to pressure Russia, they cautioned that constant shifts by the Trump administration did not make the stance definitive.

    'SECURITY ASSURANCES'

    "The territorial integrity is an important element of the communique and the (reference) to the United Nations," EU's foreign policy chief Kaja Kallas told Reuters, referring to a call for a "comprehensive, just and lasting peace in line with the Charter of the United Nations."

    An earlier text referring to the need for security guarantees to ensure a truce was replaced by "assurances," but they did warn Moscow to follow Kyiv in agreeing to a ceasefire or face further sanctions, including oil price caps.

    "G7 members called for Russia to reciprocate by agreeing to a ceasefire on equal terms and implementing it fully.

    "They emphasised that any ceasefire must be respected and underscored the need for robust and credible security arrangements to ensure that Ukraine can deter and defend against any renewed acts of aggression," they said in a reference to Ukraine's territorial integrity. 

    British Foreign Secretary David Lammy called the statement "very good."

    Washington had sought to impose red lines on language around Ukraine to not harm its talks with Russia and opposed a separate declaration on curbing Russia's so-called shadow fleet, a murky shipping network that eludes sanctions, while demanding more robust language on China. 

    In the end the G7 also approved a separate statement on maritime security, including a task force to tackle the shadow fleet, something that Canada had pushed for.

    G7 foreign ministers took a tough stance on China, stepping up language on Taiwan and omitting some conciliatory references and reassurances from past statements, including to "one China" policies, something sure to be a significant concern for Beijing.

    There had been wrangling over language regarding Gaza and the Middle East, notably the notion of a two-state solution for the Israeli-Palestinian conflict, something the U.S. was resisting.

    The final version made no mention of a two-state solution, dropping language that had stressed its importance in earlier drafts of the text. 

    The communique read: "They underscored the imperative of a political horizon for the Palestinian people, achieved through a negotiated solution to the Israeli-Palestinian conflict that meets the legitimate needs and aspirations of both peoples and advances comprehensive Middle East peace, stability and prosperity."  

    (Additional reporting by Susan Heavey; Writing by John Irish; Editing by Hugh Lawson and Howard Goller)

    Related Posts
    Trading Day: Investors cling to dovish Fed view
    Trading Day: Investors cling to dovish Fed view
    EU Commission considers second SAFE loans scheme for defence projects, sources say
    EU Commission considers second SAFE loans scheme for defence projects, sources say
    North Korea's Kim Jong Un lauds sending troops overseas in 2025, KCNA says
    North Korea's Kim Jong Un lauds sending troops overseas in 2025, KCNA says
    Coca-Cola bets on incoming chief Braun's global experience amid shift to low-sugar drinks
    Coca-Cola bets on incoming chief Braun's global experience amid shift to low-sugar drinks
    Italy plans levy on extra-EU parcels, higher taxes on financial transactions
    Italy plans levy on extra-EU parcels, higher taxes on financial transactions
    The £22bn Question: How Fintech Can Fix What Traditional Lending Broke
    The £22bn Question: How Fintech Can Fix What Traditional Lending Broke
    Generali and France's BPCE scrap plans to merge asset management units
    Generali and France's BPCE scrap plans to merge asset management units
    Italy has resolved dispute with ECB over gold reserves, Treasury sources say
    Italy has resolved dispute with ECB over gold reserves, Treasury sources say
    Exclusive-Google faces EU fine next year for favouring own services, sources say
    Exclusive-Google faces EU fine next year for favouring own services, sources say
    Current electricity market prices a problem for France's EDF, Fitch says
    Current electricity market prices a problem for France's EDF, Fitch says
    Exclusive-Apollo explores $3 billion-plus exit of membership club operator Invited, sources say
    Exclusive-Apollo explores $3 billion-plus exit of membership club operator Invited, sources say
    Poste ups Telecom Italia stake to 27.3% with Vivendi's residual holding
    Poste ups Telecom Italia stake to 27.3% with Vivendi's residual holding

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostExclusive-Two ex-Siemens execs to be tried in Germany over Russia sanctions violations
    Next Finance PostEuro zone stocks rally as German parties agree historic fiscal deal

    More from Finance

    Explore more articles in the Finance category

    Bulgaria faces turmoil after protests topple government on eve of euro entry

    Bulgaria faces turmoil after protests topple government on eve of euro entry

    Italy awards solar capacity in first 'Not made in China' auction

    Italy awards solar capacity in first 'Not made in China' auction

    Olympics-IOC wants return of Russian, Belarusian youth athletes to international events

    Olympics-IOC wants return of Russian, Belarusian youth athletes to international events

    Italy prosecutors place four security firms under supervision in labour exploitation probe

    Italy prosecutors place four security firms under supervision in labour exploitation probe

    Russia has surplus of peas after failing to boost exports to China, analysts say

    Russia has surplus of peas after failing to boost exports to China, analysts say

    Greek minister heads Eurogroup, marking turnaround from years of crisis

    Greek minister heads Eurogroup, marking turnaround from years of crisis

    Florence cathedral managers fall prey to 1.5-million-euro email fraud

    Florence cathedral managers fall prey to 1.5-million-euro email fraud

    Meloni government signals concern as Agnellis prepare to sell media assets in Italy

    Meloni government signals concern as Agnellis prepare to sell media assets in Italy

    Foreign entities should have no rights on Italy's gold reserves, Meloni's party says

    Foreign entities should have no rights on Italy's gold reserves, Meloni's party says

    Poland says Hungary's government is closer to Moscow than Brussels

    Poland says Hungary's government is closer to Moscow than Brussels

    EU ban on combustion engine cars off table, EPP's Weber says

    EU ban on combustion engine cars off table, EPP's Weber says

    Freelancers mapped stablecoin demand. GBTD can deliver the infrastructure.

    Freelancers mapped stablecoin demand. GBTD can deliver the infrastructure.

    View All Finance Posts