The G7 Finance Ministers met virtually on 8 December 2025.
"We, the G7 Finance Ministers, held a virtual meeting on 8
December 2025, together with the Heads of the International
Monetary Fund (IMF), World Bank Group (WBG), Organisation for
Economic Cooperation and Development (OECD), and Financial
Stability Board (FSB). We were also joined by Canada's Minister
of Energy and Natural Resources and Finance Ministers, or their
representatives, from Australia, Chile, Mexico, India, and the
Republic of Korea for parts of the meeting.
We welcomed the recent announcements at the G7 Energy and
Environment Ministers' Meeting that seek to secure resilient
supply chains for critical minerals. Stable and reliable supply
chains are essential to drive economic growth and security, and
we will continue to collaborate with international allies and
industry partners to reduce single-source dependencies and
strengthen our economic resilience. We look forward to further
discussions on how we can create a high standards market that
will secure our supply chains.
We agreed that the use of non-market policies and practices to
disrupt critical minerals supply chains can have significant
negative global macroeconomic consequences. They can increase
price volatility and undermine global growth prospects and
stability, competitiveness and national and economic security. We
expressed deep concern with the application of export controls on
critical mineral supply chains and committed to work together to
diversify and derisk supply chains.
Reaffirming the G7's unwavering support for Ukraine in defending
its territorial integrity and right to exist and its freedom,
sovereignty and independence, we welcomed an update from the IMF
on the situation in the country and the newly announced Staff
Level Agreement. We will continue to work together to develop a
wide range of financing options to support Ukraine, including
potentially using the full value of the Russian Sovereign Assets,
immobilized in our jurisdictions until reparations are paid for
by Russia, to end the war and ensure a just and lasting peace in
Ukraine. Our action will remain consistent with our respective
legal frameworks. We will continue to support the Ukrainian
authorities' commitment to implement reforms, notably addressing
informality, tackling corruption, and improving governance
including in the state-owned enterprise sector. Together with
other partners, we stand ready to support a new IMF program. We
also stand ready to amplify the pressure on Russia should peace
talks fail. We agreed on the importance of maintaining Ukraine at
the top of the G7 agenda under France's upcoming G7
presidency.
We agreed on the importance of strengthening G7 coordination with
international partners and will continue to enhance our
collective security and resilience."
