At Japan's G7 summit, the big elephants are China and Russia

The leaders also plan to tighten sanctions on Russia, with steps aimed at energy and exports aiding Moscow's war effort.

18 May 2023

Russia says it won't accept oil price cap

"Starting from this year Europe will live without Russian oil," he said.

4 December 2022

G7 summit statement to target China's 'economic coercion,' source

U.S. President Joe Biden has made China a focus of his foreign policy.

13 May 2023

G7 leaders to target Russian energy, trade in new sanctions steps

Ukraine, backed by Western arms and cash, is expected to launch major counter-offensive operations in the coming weeks.

15 May 2023

G7 should adopt 'risk-based' AI regulation, ministers say

"Pausing (AI development) is not the right response - innovation should keep developing but within certain guardrails that democracies have to set".

1 May 2023

G7 agrees to review level of price cap on Russian oil in March

The G7 economies, the EU and Australia agreed in December to cap sea-borne exports of Russian oil at $60 a barrel.

21 January 2023

Yellen wants G7 'wall of opposition' to China's excess capacity

"So they understand it's not just one country that feels this way, but that they face a wall of opposition to the strategy that they're pursuing."

24 May 2024

G7 to discuss digital currency standards, crypto regulation

Outside the G7, China has been leading the pack on issuing a digital currency.

12 April 2023