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G7 leaders unite in support to Ukraine, agree to add pressure on Russia - Finance news and analysis from Global Banking & Finance Review
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G7 leaders unite in support to Ukraine, agree to add pressure on Russia

Published by Global Banking & Finance Review

Posted on June 17, 2026

1 min read

· Last updated: June 17, 2026

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G7 Leaders Pledge United Support for Ukraine, Vow Tighter Sanctions on Russia

G7 Summit Outcomes and International Policy Responses

Unified Support for Ukraine

EVIAN-LES-BAINS, France, June 17 (Reuters) - The leaders of the G7 countries said on Wednesday they stand united to support Ukraine, including its territorial integrity, and agreed to increase the pressure on the Russian war economy.

Commitment to Ukraine's Territorial Integrity

"In this context, we will strengthen our sanctions (against Russia), including those on the oil and gas sectors," the leaders said in a joint statement.

Broader Diplomatic Engagements

Welcoming the U.S.-Iran Deal

Separately, the leaders, who are meeting for a summit in the French town of Evian-les-Bains, have also welcomed the deal between the United States and Iran and said they are ready to contribute to its implementation.

Energy Security and Diversification Efforts

Reducing Dependence on the Strait of Hormuz

They added they will make efforts to diversify energy supply routes and reduce dependence on the Strait of Hormuz and increase energy stocks.

(Reporting by Michel Rose and Inti Landauro; Editing by Makini Brice)

Key Takeaways

  • G7 nations reiterated unified support for Ukraine’s territorial integrity and agreed to intensify sanctions on Russia’s war economy, especially in oil and gas sectors. (investing.com)
  • Ukrainian President Zelenskiy noted consensus among leaders that Russia is losing the war and emphasized momentum for further sanctions. (investing.com)
  • The summit welcomed the U.S.‑Iran preliminary deal, with G7 leaders planning to help implement it, while seeking to diversify energy supply channels, reduce dependence on the Strait of Hormuz, and build energy reserves. (euronews.com)

References

Frequently Asked Questions

What actions did G7 leaders agree on regarding Ukraine?
G7 leaders agreed to support Ukraine's territorial integrity and to strengthen sanctions against Russia, especially targeting the oil and gas sectors.
What measures are planned against Russia's economy?
The G7 will increase pressure on Russia's war economy by strengthening existing sanctions, particularly in the energy sector.
How is the G7 addressing energy security?
The G7 plans to diversify energy supply routes, reduce dependence on the Strait of Hormuz, and increase energy stocks.
What is the G7's position on the US-Iran deal?
G7 leaders welcomed the US-Iran deal and expressed readiness to contribute to its implementation.
Where did the G7 summit take place?
The G7 summit was held in Evian-les-Bains, France.

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