• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
U.S. President Joe Biden, Germany's Chancellor Olaf Scholz, Britain's Prime Minister Rishi Sunak, European Commission President Ursula von der Leyen, President of the European Council Charles Michel, Italy's Prime Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron and Japan's Prime Minister Fumio Kishida attend a working lunch meeting at G7 leaders' summit in Hiroshima, western Japan May 19, 2023, in this photo released by Kyodo.  Mandatory credit Kyodo via REUTERS
U.S. President Joe Biden, Germany's Chancellor Olaf Scholz, Britain's Prime Minister Rishi Sunak, European Commission President Ursula von der Leyen, President of the European Council Charles Michel, Italy's Prime Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron and Japan's Prime Minister Fumio Kishida attend a working lunch meeting at G7 leaders' summit in Hiroshima, western Japan May 19, 2023, in this photo released by Kyodo. Mandatory credit Kyodo via REUTERS
U.S. President Joe Biden waits to begin his meeting with Ukrainian President Volodymyr Zelenskiy at the Grand Prince Hotel in Hiroshima, May 21. REUTERS/Jonathan Ernst
U.S. President Joe Biden waits to begin his meeting with Ukrainian President Volodymyr Zelenskiy at the Grand Prince Hotel in Hiroshima, May 21. REUTERS/Jonathan Ernst
Home
World
World

G7 signals long-term Ukraine support to Russia, woos 'Global South'

May 21st, 2023 | 05:13 AM WORLD 5

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor says
US debt crosses $40 trillion threshold after doubling under Trump and Biden
UN's Guterres seriously concerned by US sanctions on ICC
Trump taps White House adviser Overton to lead FDA
By Reuters

Ukraine's Volodymyr Zelenskiy on Sunday drew a parallel between the destruction of Bakhmut and the horror of Hiroshima, evoking the symbolism of mass destruction as he wrapped up a surprise appearance at the Group of Seven (G7) summit in Japan.

UKRAINE

* U.S. President Joe Biden said he had received a "flat assurance" from Ukrainian President Volodymyr Zelenskiy that he would not use Western-provided F-16 fighter jets to go into Russian territory.

* Zelenskiy said he was confident that Kyiv would receive supplies of F-16 fighter jets from the West to help repel Russia's full-scale invasion of his country. "We will have the planes. I can't say for now how many — it's not a secret. I don't know this myself," he told a news conference.

* Meeting with Zelenskiy, Biden announced a $375 million package of military aid to Ukraine, telling him the U.S. was doing all it could to strengthen Ukraine's defence against Russia.

* Zelenskiy sought support for Kyiv's "peace formula" to end Russia's war in Ukraine, telling G7 leaders at the summit in Hiroshima it was "an obvious expression of rationality".

* Zelenskiy played down the fact he did not meet Brazilian President Luiz Inacio Lula da Silva on the sidelines of the G7 summit on Sunday and said it was likely because of scheduling.

* Potential allied training programmes for Ukrainian pilots on F-16 warplanes were a message to Russia not to expect to succeed in its invasion of Ukraine even in a prolonged conflict, said German Chancellor Olaf Scholz.

* Biden told G7 leaders that Washington supports the joint allied training programmes, senior U.S. officials said, a significant endorsement as Kyiv seeks to boost its air power against Russia.

* The Hiroshima summit gave Zelenskiy a chance to win over countries from the "Global South" such as Brazil and India in an attempt to broaden support for his country in its war against Russia.

* Russian Foreign Minister Sergei Lavrov said G7 decisions at the summit were aimed at the "double containment" of Russia and China.

* Canada will support Ukraine for as long and as much as necessary in its conflict with Russia, including the training of Ukrainian soldiers and possibly pilots, said Prime Minister Justin Trudeau.

* Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel and announced a new wave of sanctions against Russia, targeting companies connected to the alleged theft of Ukrainian grain.

CHINA

* U.S. President Joe Biden on Sunday said the G7 nations had agreed a united approach to China that called for diversifying supply chains to reduce dependence on one country, and hinted that he could speak with China's president soon.

* British Prime Minister Rishi Sunak said China represents the world's greatest challenge to security and prosperity, but other leading economies should not seek to fully decouple from it.

* G7 nations will ensure big investments in China continue even as they pare risky exposure to the world's second-largest economy, said German Chancellor Olaf Scholz.

* The G7 is looking to bridge a vast gap with emerging economies in the "Global South" by focussing on infrastructure and debt relief, officials say, part of a strategy to blunt China's influence in lower-income countries.

* China firmly opposes the G7 joint statement out of Hiroshima and has complained to summit organiser Japan, the Chinese foreign ministry said.

ECONOMY, CLIMATE

* The International Energy Agency (IEA) does not expect moves by G7 nations to counter the evasion of price caps on Russian energy will change the supply situation for crude oil and oil products, IEA Executive Director Fatih Birol said.

* The G7 leaders put support for gas investments back into their communique, calling it a "temporary" step as they try to de-couple from Russian energy, in a move climate activists say may hurt climate goals.

* G7 leaders agreed on an initiative to counter "economic coercion," pledging action to ensure that any actors attempting to weaponise economic dependence would fail and face consequences.

* The G7 called for the development and adoption of international technical standards for "trustworthy" artificial intelligence (AI) as lawmakers of the rich countries focus on the new technology.

* G7 leaders reaffirmed their commitment to a highly decarbonised road sector by 2030 and committed to the goal of achieving net-zero emissions on roads by 2050.

REUTERS PODCAST

* What's the G7 to do about China?

IN-DEPTH STORIES

* At Hiroshima G7, bomb survivors grapple with a disarmament dream deferred

* In her own words: A Hiroshima bomb survivor learns English to tell her story

* Japan's G7 refugee balancing act: door open for Ukrainians, but not many others

  • Topic
  • G7
  • SUMMIT/SNAPSHOT (SNAPSHOT, PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor says

Related Posts

World
August 19th, 2026

Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor...

World
August 19th, 2026

US debt crosses $40 trillion threshold after doubling under Trump and Bi...

World
August 19th, 2026

UN's Guterres seriously concerned by US sanctions on ICC

World
August 19th, 2026

Trump taps White House adviser Overton to lead FDA

World
August 19th, 2026

US, Canada trade negotiators meet after Trump sets new tariff deadline

World
August 19th, 2026

US warns Siemens devices can be hacked amid fears Iran is breaching wate...

The Wire
Aug 20th 4 h ago
Investigates

In China, rocket launches fuel tourism and space-age dreams

Aug 19th 4 h ago
Asia Pacific

Japan exports rise 23.2% year/year in July

Aug 19th 4 h ago
Baseball

D-backs score twice in 10th, salvage series finale at Red S...

Aug 19th 5 h ago
Government

US tells schools not to alter discipline policies to reduce...

Aug 19th 5 h ago
Transactional

China tax crackdown forces wealthy investors to assess thei...

TRENDING ON FINANCETIME
Aug 19th, 2026 Tennis

Paul ousts top seed Zverev to reach Cincinnati quarter-finals

Aug 19th, 2026 Litigation

AIA Group's first-half new business value rises 10%

Aug 19th, 2026 Energy

Brazil's largest thermal power plant shut down after equipment failure

Aug 19th, 2026 United Kingdom

Key moments in Prince Harry and Meghan's six years in California

Aug 19th, 2026 Sports

Orioles reinstate C Samuel Basallo (shoulder) to active roster

Markets-Sectors
ENERGY -0.16%
FINANCIALS -0.62%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT