Key facts
- G7 leaders agreed on a unified statement of support for Ukraine's sovereignty and territorial integrity.
- The group committed to increasing pressure on Russia's war economy and strengthening sanctions, particularly on energy sectors.
- US President Donald Trump is expected to publicly disclose a Memorandum of Understanding with Iran.
- The US-Iran MoU includes a $300 billion fund for Iranian investment and reconstruction.
- G7 leaders will discuss artificial intelligence with executives from leading tech firms.
- Germany and Poland are set to sign a new defense agreement to bolster European military cooperation.
G7 leaders concluded their summit with a rare moment of unity, presenting a joint stance on the war in Ukraine and committing to increased pressure on Russia's economy.
The leaders stated they "stand united in our unwavering support for Ukraine in defending its freedom, sovereignty, and territorial integrity." This unified front includes a commitment to strengthen sanctions, particularly targeting Russia's oil and gas sectors, a move seen as a significant win for European allies who had previously accused the US and UK of softening sanctions.
Anticipation is also high for the signing of a 14-point Memorandum of Understanding between the US and Iran, expected to trigger 60 days of negotiations on sanctions relief and Tehran's nuclear program. The MoU reportedly includes a $300 billion US fund aimed at kick-starting investment in Iran and financing reconstruction.
On the technology front, G7 leaders were scheduled to meet with executives from AI firms including Anthropic, OpenAI, Google, and Mistral AI to discuss the safe and effective deployment of artificial intelligence. This discussion comes in the wake of Washington imposing export controls on certain Anthropic AI models, citing national security concerns, which highlighted fears of potential US technological control.
In a separate development aimed at bolstering European defense, Germany and Poland were set to sign a new defense agreement to enhance military cooperation amid heightened tensions with Russia and uncertainty over US engagement in Europe. German Chancellor Friedrich Merz is reportedly aiming to build the Bundeswehr into the strongest conventional army on NATO's European side.