Published by Global Banking and Finance Review
Posted on September 12, 2025
1 min readLast updated: January 21, 2026
G7 finance ministers discussed sanctions and tariffs on countries aiding Russia's war in Ukraine, aiming to increase economic pressure.
OTTAWA (Reuters) -The Group of Seven nations' finance ministers, in a meeting on Friday, discussed possibly imposing sanctions and trade measures such as tariffs on countries that they consider to be "enabling" Russia's war in Ukraine, according to a statement released by the Canadian finance ministry.
The G7 finance ministers held the meeting to discuss further measures to increase pressure on Russia to end its war against Ukraine, according to the statement from Canada, the head of the rolling G7 presidency.
They "discussed a wide range of possible economic measures to increase pressure on Russia, including further sanctions and trade measures, such as tariffs, on those enabling Russia’s war effort."
(Reporting by Ismail Shakil)
The G7 finance ministers discussed possible sanctions and trade measures, such as tariffs, on countries supporting Russia's war effort.
The purpose is to increase pressure on Russia to end its war against Ukraine.
Canada is currently the head of the rolling G7 presidency.
A wide range of economic measures was discussed, including further sanctions and trade measures like tariffs.
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