The G7 Summit concluded without a unified stance on Ukraine, as member nations failed to agree on a joint statement amid deepening geopolitical divisions. Canadian Prime Minister Mark Carney announced C$2 billion ($1.47 billion) in new military assistance for Kyiv, alongside fresh financial sanctions targeting Russian entities. The move highlights Canada’s vocal support for Ukraine, though its contributions remain dwarfed by U.S. military aid.
G7 Disunity and U.S. Influence
U.S. President Donald Trump’s early departure and public alignment with Russian President Vladimir Putin reportedly stalled efforts to present a cohesive G7 front. A Canadian official confirmed plans for a strong joint statement were abandoned due to U.S. resistance. Ukrainian President Volodymyr Zelenskyy, who attended the summit, left without securing a meeting with Trump to discuss additional arms supplies.
Global Implications
The Kremlin dismissed the G7 as "rather useless," echoing Trump’s skepticism of the group’s relevance. Meanwhile, Carney plans to issue a chair statement urging increased sanctions against Russia and endorsing U.S.-led peace initiatives. The summit yielded consensus on six narrower issues, including AI governance and critical minerals, reflecting shifting priorities among Western allies.
Analysts suggest the lack of unity underscores challenges in sustaining international support for Ukraine, particularly as U.S. elections approach. For investors, the outcome signals continued volatility in energy and defense markets tied to the conflict.
