Key Facts
• On September 12, G7 finance ministers held an emergency online meeting.
• Discussions focused on achieving fair and lasting peace in Ukraine.
• Reports suggest the U.S. proposed higher tariffs on Russian oil buyers, China and India.
• Japan’s Finance Minister Kato emphasized the importance of G7 collaboration.
• Initial consultations will begin at the working level.
Summary
G7 finance ministers convened online on September 12 to address Russia’s invasion of Ukraine. Discussions centered on strategies to ensure fair and lasting peace in Ukraine. Reports indicate the U.S. may push for increased tariffs on Russian oil imports by China and India. Japan’s Finance Minister Kato highlighted the critical role of G7 cooperation and announced plans to initiate working-level consultations. The meeting underscored the collective commitment to addressing the ongoing crisis.
