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 > Zelenskiy leaves G7 with no Trump meeting or fresh arms support from US
    Headlines

    Zelenskiy leaves G7 with no Trump meeting or fresh arms support from US

    Zelenskiy leaves G7 with no Trump meeting or fresh arms support from US

    Published by Global Banking and Finance Review

    Posted on June 17, 2025

    Featured image for article about Headlines

    By David Ljunggren, John Irish and Andreas Rinke

    KANANASKIS, Alberta (Reuters) -Ukrainian President Volodymyr Zelenskiy left the Group of Seven summit on Tuesday with new aid from host Canada for its war against Russia but said diplomacy is in "crisis" having missed the chance to press U.S. President Donald Trump for more weapons.

    The G7 wealthy nations struggled to find unity over the conflict in Ukraine after Trump expressed support for Russian President Vladimir Putin and left a day early to address the Israel-Iran conflict from Washington.

    A Canadian official initially said Ottawa had dropped plans for the G7 to issue a strong statement on the war in Ukraine after resistance from the United States.

    Emily Williams, director of media relations for Prime Minister Mark Carney, later said no proposed statement on Ukraine had ever been planned.

    Carney had started the day by announcing Ottawa would provide C$2 billion ($1.47 billion) in new military assistance for Kyiv as well as impose new financial sanctions.

    Zelenskiy said he had told the G7 leaders that "diplomacy is now in a state of crisis" and said they need to continue calling on Trump "to use his real influence" to force an end to the war, in a post on his Telegram account.

    Although Canada is one of Ukraine's most vocal defenders, its ability to help it is far outweighed by the United States, the largest arms supplier to Kyiv. Zelenskiy had said he hoped to talk to Trump about acquiring more weapons.

    After the summit in the Rocky Mountain resort area of Kananaskis concluded, Carney issued a chair statement summarizing deliberations.

    "G7 leaders expressed support for President Trump’s efforts to achieve a just and lasting peace in Ukraine," it said.

    "They recognized that Ukraine has committed to an unconditional ceasefire, and they agreed that Russia must do the same. G7 leaders are resolute in exploring all options to maximize pressure on Russia, including financial sanctions."

    Canada holds the rotating G7 presidency this year. Other leaders do not need to sign off on G7 chair statements.

    Trump did agree to a group statement published on Monday calling for a resolution of the Israel-Iran conflict.

    "We had a declaration given the exceptional, fast moving situation in Iran," Carney told a closing news conference.

    A European official said leaders had stressed to Trump their plans to be hard on Russia and Trump seemed impressed, though he does not like sanctions in principle.

    Three European diplomats said they had heard signals from Trump that he wanted to raise pressure on Putin and consider a U.S. Senate bill drafted by Senator Lindsey Graham, but that he had not committed to anything.

    "I am returning to Germany with cautious optimism that decisions will also be made in America in the coming days to impose further sanctions against Russia," German Chancellor Friedrich Merz said.

    G7 leaders agreed on six other statements, about migrant smuggling, artificial intelligence, critical minerals, wildfires, transnational repression and quantum computing.

    KREMLIN SAYS G7 LOOKS 'RATHER USELESS'

    Trump said on Monday he needed to be back in Washington as soon as possible due to the situation in the Middle East, where escalating attacks between Iran and Israel have raised risks of a broader regional conflict.

    A White House official on Tuesday said Trump explained that he returned to the U.S. because it is better to hold high-level National Security Council meetings in person, rather than over the phone.

    Upon arriving at the summit, Trump said that the then-Group of Eight had been wrong to expel Russia after Putin ordered the occupation of Crimea in 2014. 

    The Kremlin said on Tuesday that Trump was right and said the G7 was no longer significant for Russia and looked "rather useless."

    Many leaders had hoped to negotiate trade deals with Trump, but the only deal signed was the finalization of the U.S.-UK deal announced last month. Treasury Secretary Scott Bessent remained at the summit after Trump left.

    Carney also invited non-G7 members Mexico, India, Australia, South Africa, South Korea and Brazil, as he tries to shore up alliances elsewhere and diversify Canada's exports away from the United States.

    Carney warmly welcomed Indian counterpart Narendra Modi on Tuesday, after two years of tense relations between Canada and India.

    ($1 = 1.3589 Canadian dollars)

    (Additional reporting by Andrea Shalal in Washington and Ron Popeski in Winnipeg; Editing by Caroline Stauffer, Shri Navaratnam, Rosalba O'Brien and Rod Nickel)

    Related Posts
    Factbox-What we know about the shooting victims at Sydney's Bondi Beach Jewish event
    Factbox-What we know about the shooting victims at Sydney's Bondi Beach Jewish event
    Funeral for youngest Bondi Beach shooting victim, Matilda, to be held on Thursday
    Funeral for youngest Bondi Beach shooting victim, Matilda, to be held on Thursday
    UN, aid groups warn Gaza operations at risk from Israel impediments
    UN, aid groups warn Gaza operations at risk from Israel impediments
    IMF says Moldova's economy has unique growth opportunity, but reforms needed
    IMF says Moldova's economy has unique growth opportunity, but reforms needed
    UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada
    UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada
    AbbVie, several other pharma companies near MFN deal with Trump, sources say
    AbbVie, several other pharma companies near MFN deal with Trump, sources say
    US, Russia to hold talks in Miami this weekend, Politico reports
    US, Russia to hold talks in Miami this weekend, Politico reports
    EU reaches initial agreement on tighter EU-Mercosur safeguards
    EU reaches initial agreement on tighter EU-Mercosur safeguards
    Britain to overhaul benchmark rules to cut industry burden
    Britain to overhaul benchmark rules to cut industry burden
    Novartis, Roche near US drug price deal, Bloomberg News reports
    Novartis, Roche near US drug price deal, Bloomberg News reports
    Italy's top court upholds acquittal of Salvini in migrant kidnapping case
    Italy's top court upholds acquittal of Salvini in migrant kidnapping case
    Zelenskiy tells Europe: Use frozen assets to end Russia's appetite for war
    Zelenskiy tells Europe: Use frozen assets to end Russia's appetite for war

    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 Headlines PostGermany not planning strategic gas reserve, economy ministry says
    Next Headlines PostIndonesia's Prabowo to hold talks with Putin to cement 'strategic partnership'

    More from Headlines

    Explore more articles in the Headlines category

    Sweeping US defense bill passes, with Ukraine, Venezuela provisions defying Trump

    Sweeping US defense bill passes, with Ukraine, Venezuela provisions defying Trump

    Sarajevo takes steps on air quality after most-polluted city ranking

    Sarajevo takes steps on air quality after most-polluted city ranking

    Slovakia's top court pauses government overhaul of whistleblower agency

    Slovakia's top court pauses government overhaul of whistleblower agency

    Brazil threatens to abandon Mercosur-EU deal as Italy, France seek delay

    Brazil threatens to abandon Mercosur-EU deal as Italy, France seek delay

    EU rules out UK exemption from carbon border levy until markets link

    EU rules out UK exemption from carbon border levy until markets link

    Poland prioritises domestic arms purchases under EU SAFE programme

    Poland prioritises domestic arms purchases under EU SAFE programme

    G7 condemns prosecution of Jimmy Lai, calls for his release

    G7 condemns prosecution of Jimmy Lai, calls for his release

    UK's Inocea Group eyes acquisition of Germany warship builder GNYK, source says

    UK's Inocea Group eyes acquisition of Germany warship builder GNYK, source says

    US allows oil sales from Russia's Sakhalin-2 project through June 18

    US allows oil sales from Russia's Sakhalin-2 project through June 18

    UK exempts Egypt's Zohr gas field from Russia sanctions

    UK exempts Egypt's Zohr gas field from Russia sanctions

    ECB proposes extending Elderson's mandate at bank supervision arm

    ECB proposes extending Elderson's mandate at bank supervision arm

    Exclusive-Poland to start producing anti-personnel mines to lay along eastern border

    Exclusive-Poland to start producing anti-personnel mines to lay along eastern border

    View All Headlines Posts