The meeting, held in Banff, Canada, highlighted a rare moment of cooperation among the world's top economies, as they condemned Russia's ongoing military actions in Ukraine. Despite initial reservations from the U.S. regarding tariffs, officials jointly emphasized their backing for Ukraine's economy and reconstruction efforts.

The G7's statement expressed strong condemnation of Russia's "brutal war" and praised the resilience of the Ukrainian people. It underlined a commitment to Ukraine's territorial integrity and promised to explore options to escalate pressure on Russia if ceasefire negotiations fail.

Discussion also included the implications of China's industrial policies and the need for cohesive economic strategies. The united G7 stance on Ukraine differed from past meetings by adopting a somewhat softened tone towards Russia, reflecting ongoing complexities in international relations and economic balances.