Germany Rejects Idea To Return Russia To G7

The statement was made at a meeting of G20 finance ministers.

Russia will not be readmitted to the “Big Seven” of the world's rich democracies, as proposed by US President Donald Trump.

This was stated by German Finance Minister Jörg Kukis, RBC-Ukraine reports with a reference to Reuters.

“The G7's condemnation of Russia's aggressive war is absolutely obvious, especially on the third anniversary of Russia's brutal attack,” Kukis said, adding that Trump's proposal would not receive the necessary unanimity.

Kukis said that the G7 could discuss long-standing proposals to use $300 billion of Russian assets frozen in Europe to restore Ukraine, “but the discussions are just beginning. It is probably too early to talk about this.”

World Trade

Kukis will travel to Cape Town for a meeting of G20 finance ministers, while US Treasury Secretary Scott Bessent will not attend due to a scheduling conflict.

The central topic of the meetings will be the current state of the global economy.

“We really need to get back on track with economic growth,” Kukis said. Germany “has a lot of homework to do,” he added.

A trade war between the US and the EU can be avoided because both sides are ready to negotiate, Kukis said. “Nobody is interested in starting a trade war.”

Kukis was appointed finance minister by Chancellor Olaf Scholz in November after the collapse of Scholz's ruling coalition and is to serve until a new government is formed after Sunday's elections, which were won by Friedrich Merz's conservatives.

G7

The G7 is an international club of the world's most economically developed countries, comprising the United States, Canada, Great Britain, France, Germany, Italy, and Japan. The G7 also includes representatives from the European Union (but it is not a full member).

In 1997, Russia was officially accepted into the club, after which it was called the G8 (Big Eight). This happened during the period of rapprochement between the West and Russia after the collapse of the USSR.

In 2014, after the occupation of the Crimea and the start of the war in Donbas, Russia was excluded from the G8, and the club returned to the G7 format. This was part of the international reaction to the aggressive policy of the Kremlin.

Since then, Russia has not been a member of this group, and its return to the G7 is not being considered.

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