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 > Headlines > US wants no G7 Russia antagonism as allies fear blockage
    Headlines

    US wants no G7 Russia antagonism as allies fear blockage

    US wants no G7 Russia antagonism as allies fear blockage

    Published by Global Banking and Finance Review

    Posted on March 11, 2025

    Featured image for article about Headlines

    By John Irish and Daphne Psaledakis

    MONTREAL/JEDDAH (Reuters) - The U.S. opposes language that could harm its efforts to bring Russia and Ukraine to the negotiating table, Secretary of State Marco Rubio said on Monday, as Washington wrangled with G7 allies ahead of a meeting this week, further alarming them.

    The foreign ministers of the Group of Seven major democracies - Britain, Canada, France, Germany, Italy, Japan and the United States - will meet in the river resort of La Malbaie, Quebec on March 12-14 for the first time since President Donald Trump returned to power in January.

    While the G7 meetings have been consensual since Russia's membership was suspended in March 2014 in response to its annexation of Crimea, underscoring their steadfast backing for Ukraine, Trump has upended Western unity by drawing the U.S. closer to Moscow while heaping criticism on Kyiv.

    According to four G7 diplomats, Canada had initially hoped the seven would agree on an overall statement ranging from the war in Ukraine to the Middle East and China and a second declaration that would outline the G7's efforts to curb Russia's so-called shadow fleet.

    Shadow fleet refers to vessels used by Russia to move oil, arms and grains around in violation of international sanctions imposed on it over the Ukraine war. The vessels are not regulated or insured by conventional Western providers.

    Almost two pages out of eight in the last G7 statement in November were focused entirely on Ukraine, mostly taking aim at Russia.

    However, the diplomats said agreement on the full communique this time was proving very difficult, with some fearing that a compromise may not be found.

    Two diplomats said the United States was seeking to remove references to sanctions and Russia's war in Ukraine, while demanding tougher language on China.

    Speaking to reporters en route to Saudi Arabia for talks with Ukrainian officials, Rubio said there are always sticking points, adding that Washington cannot sign off on anything that could impede bringing Russia and Ukraine to the negotiating table.

    "We feel like antagonistic language sometimes makes it harder to bring parties to the table, especially since we're the only ones right now that seem to be in a position to make talks like that possible," he said.

    He said he was "certain" they would eventually arrive at a document that was meaningful and unifying without "undermining our ability to bring both sides to the table."

    Three diplomats said the United States also opposed a separate statement on Russia's shadow fleet.

    Washington has already broken with allies at the United Nations and the World Trade Organisation at the end of February, refusing to condemn the Russian invasion of Ukraine.

    "The best case scenario is two statements. Plan B is one statement. But the Americans are blocking the maritime statement, so it's not easy. Even what the Canadians thought was going to be easy is not in fact easy," said one G7 diplomat.

    The diplomats cautioned that talks were still ongoing to try to find a compromise.

    (Writing by John Irish; Editing by Richard Chang)

    Related Posts
    Russian attacks on Ukrainian ports cause drop in food exports
    Russian attacks on Ukrainian ports cause drop in food exports
    French President Macron slams U.S. visa ban on Thierry Breton and others
    French President Macron slams U.S. visa ban on Thierry Breton and others
    EU says it strongly condemns U.S. visa ban on European individuals
    EU says it strongly condemns U.S. visa ban on European individuals
    Ukraine unveils 20-point peace proposal under discussion with US
    Ukraine unveils 20-point peace proposal under discussion with US
    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says
    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says
    Zelenskiy seeks meeting with Trump to hammer out issue of territory
    Zelenskiy seeks meeting with Trump to hammer out issue of territory
    How Israel's hilltop settlers coordinate attacks to expel Palestinians
    How Israel's hilltop settlers coordinate attacks to expel Palestinians
    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
    Australian state passes tougher gun, protest law after Bondi Beach shooting
    Australian state passes tougher gun, protest law after Bondi Beach shooting
    Russia plans a nuclear power plant on the moon within a decade
    Russia plans a nuclear power plant on the moon within a decade
    EU, France, Germany slam US visa bans as 'censorship' row deepens
    EU, France, Germany slam US visa bans as 'censorship' row deepens
    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says
    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says

    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

    More from Headlines

    Explore more articles in the Headlines category

    Ukraine drone attacks target Moscow at night, spark industrial fire in Tula, Russia says

    Ukraine drone attacks target Moscow at night, spark industrial fire in Tula, Russia says

    Australia cancels British man's visa after charges of displaying Nazi symbol

    Australia cancels British man's visa after charges of displaying Nazi symbol

    Russia's air defence units destroy drone flying towards Moscow, mayor says

    Russia's air defence units destroy drone flying towards Moscow, mayor says

    Lilly, Novo lock horns in India's obesity drug race

    Lilly, Novo lock horns in India's obesity drug race

    Investor Louis Bacon wins defamation case against ex-fashion mogul Peter Nygard

    Investor Louis Bacon wins defamation case against ex-fashion mogul Peter Nygard

    Two police officers killed by bomb in Moscow near site of Russian general's killing

    Two police officers killed by bomb in Moscow near site of Russian general's killing

    US targets former EU commissioner, activists with visa bans over alleged censorship

    US targets former EU commissioner, activists with visa bans over alleged censorship

    Pope Leo 'disappointed' in Illinois governor over assisted dying law

    Pope Leo 'disappointed' in Illinois governor over assisted dying law

    Pope Leo expresses 'much sadness' about Russia refusing Christmas ceasefire

    Pope Leo expresses 'much sadness' about Russia refusing Christmas ceasefire

    Biathlon-Norwegian athlete Bakken dies at 27

    Biathlon-Norwegian athlete Bakken dies at 27

    Ukrainian troops withdraw from eastern town of Siversk

    Ukrainian troops withdraw from eastern town of Siversk

    UK police say comedian Russell Brand charged with two more sex offences

    UK police say comedian Russell Brand charged with two more sex offences

    View All Headlines Posts
    Previous Headlines PostZelenskiy promises 'fully constructive' position of Ukraine in talks with US officials
    Next Headlines PostEU worries US embrace of crypto assets could impact Europe financial stability