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G7 finance ministers discuss possible sanctions, tariffs on supporters of Russia's war

Published by Global Banking & Finance Review

Posted on September 12, 2025

1 min read

· Last updated: January 21, 2026

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G7 finance ministers discuss possible sanctions, tariffs on supporters of Russia's war
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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

G7 Finance Ministers Consider Sanctions and Tariffs Against Russia Supporters

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)

Key Takeaways

  • G7 finance ministers consider sanctions against Russia supporters.
  • Discussion includes potential tariffs and trade measures.
  • Aim to increase economic pressure on Russia to end the war.
  • Meeting led by Canada, current head of G7 presidency.
  • Focus on nations enabling Russia's war efforts.

Frequently Asked Questions

What did the G7 finance ministers discuss in their meeting?
The G7 finance ministers discussed possible sanctions and trade measures, such as tariffs, on countries supporting Russia's war effort.
What is the purpose of the sanctions and tariffs being considered?
The purpose is to increase pressure on Russia to end its war against Ukraine.
Who is leading the G7 discussions?
Canada is currently the head of the rolling G7 presidency.
What types of economic measures were mentioned?
A wide range of economic measures was discussed, including further sanctions and trade measures like tariffs.

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