German finance minister optimistic that G7 can agree joint communique on Ukraine support

Joachim Nagel (L), President of the Deutsche Bundesbank and Lars Klingbeil, Federal Minister of Finance and Vice Chancellor of Germany listen to a reporters question at a press briefing during the G7 Finance Ministers and Central Bank Governors’ Meeting in Canada on May 22, 2025. (AFP)
Short Url
Updated 22 May 2025
Follow

German finance minister optimistic that G7 can agree joint communique on Ukraine support

  • “I am very positive that we will also reach a joint communique,” Klingbeil said
  • If Russia is not prepared to enter into serious negotiations with Ukraine, “we will consider further sanctions“

BANFF, Canada: German Finance Minister Lars Klingbeil on Thursday said he was optimistic that the Group of Seven advanced economies could agree a joint communique showing support for Ukraine, amid a rift between the US and the rest of the G7 on the issue.

Sources earlier said it was unclear whether the delegations at G7 finance ministers’ consultations in Canada could agree on joint language, with one European source saying that US officials wanted to delete language describing Russia’s invasion of Ukraine as “illegal.”

“I am very positive that we will also reach a joint communique,” Klingbeil said at a press conference in Banff, adding that if Russia is not prepared to enter into serious negotiations with Ukraine, “we will consider further sanctions.”

The EU and Britain this week announced new sanctions against Russia without waiting for Washington to join them, a day after President Donald Trump’s phone call with Russian President Vladimir Putin brought about neither a ceasefire in Ukraine nor fresh US sanctions.

European leaders have been lobbying intensely for the Trump administration to join them in imposing new sanctions if Russia rejected a ceasefire.

Klingbeil said that G7 finance ministers and their Ukrainian counterpart had concluded in a meeting that the conflict was “a brutal war” initiated by Russian President Vladimir Putin and that support for Ukraine continued unabated.

“I am optimistic that in the end such formulations will also be included in the communique, but please wait for the exact wording, as I want to leave that to the Canadian presidency this afternoon,” he said.

TRADE SOLUTIONS

Klingbeil earlier on Wednesday met United States Treasury Secretary Scott Bessent for a bilateral conversation and the two agreed to meet again in Washington.

“We have always discussed forward, how we can take steps together to find solutions,” Klingbeil said about the meeting, adding that Bessent’s invitation was a good sign.

Klingbeil warned, however, that if no agreement can be found with the United States on tariffs, “then we can expect turbulence on the markets again very quickly.”

The Trump administration has imposed a 25 percent tariff on US imports of steel, aluminum and cars, as well as a baseline 10 percent tariff on almost all countries, with additional “reciprocal” tariffs — making for a combined 20 percent in the EU’s case — lined up if negotiations during a 90-day pause fail.


Kabul shakes as 5.8-magnitude earthquake hits eastern Afghanistan

Updated 9 sec ago
Follow

Kabul shakes as 5.8-magnitude earthquake hits eastern Afghanistan

  • The 5.8-magnitude quake struck a mountainous area around 130 kilometers northeast of Kabul
  • Earthquakes are common in Afghanistan, particularly along the Hindu Kush mountain range

KABUL: A strong earthquake rocked eastern Afghanistan including the capital Kabul on Friday, AFP journalists and residents said.
The 5.8-magnitude quake struck a mountainous area around 130 kilometers (80 miles) northeast of Kabul, the United States Geological Survey said.
The epicenter was near several remote villages and struck at 5:39 p.m. (1309 GMT), just as people in the Muslim-majority country were sitting down to break their Ramadan fast.
“We were waiting to do our iftars, a heavy earthquake shook us. It was very strong, it went on for almost 30 seconds,” said Zilgay Talabi, a resident of Khenj district near of the epicenter.
“Everyone was horrified and scared,” Talabi told AFP, saying he feared “landslides and avalanches” may follow.
Power was briefly cut in parts of the capital, while east of Kabul an AFP journalist in Nangarhar province also felt it.
Earthquakes are common in Afghanistan, particularly along the Hindu Kush mountain range, near where the Eurasian and Indian tectonic plates meet.
Haqmal Saad, spokesman for the Panjshir province police, described the quake as “very strong” and said the force was “gathering information on the ground.”
Mohibullah Jahid, head of Panjshir Natural Disaster Management agency, told AFP he was in touch with several officials in the area.
The district governor had told him there were reports of “minor damage, such as cracks in the walls, but we have not received anything serious, such as the collapse of houses or anything similar,” Jahid said.
Residents in Bamiyan and Wardak provinces, west of Kabul, told AFP they also felt the earthquake.
In Pakistan’s Khyber Pakhtunkhwa province, rescue service official Bilal Ahmad Faizi said the quake was felt in border areas.
In August last year, a shallow 6.0-magnitude quake in the country’s east wiped out mountainside villages and killed more than 2,200 people.
Weeks later, a 6.3-magnitude quake in northern Afghanistan killed at least 27 people.
Large tremors in western Herat, near the Iranian border, in 2023, and in Nangarhar province in 2022, killed hundreds and destroyed thousands of homes.
Many homes in the predominantly rural country, which has been devastated by decades of war, are shoddily built.
Poor communication networks and infrastructure in mountainous Afghanistan have hampered disaster responses in the past, preventing authorities from reaching far-flung villages for hours or even days before they could assess the extent of the damage.