G7 countries called on Russia to reciprocate the ceasefire in Ukraine, as Kyiv did. They stressed the need for security measures to prevent a resumption of aggression.
Canada has filed a complaint with the WTO over US steel and aluminum tariffs, deeming them inconsistent with US international trade obligations. Trump refused to escalate.
The US has tightened sanctions against Iran's oil industry and restricted payments for energy from Russia. Brent rose above $70 a barrel, WTI costs about $67.
G7 ministers discussed support for Ukraine and stressed the importance of security guarantees after the war. Japan is ready to assist in the reconstruction of Ukraine through public-private partnerships.
At the meeting of G7 foreign ministers, support for Ukraine against the backdrop of Russian aggression will be discussed. The use of a "shadow fleet" by Russia to circumvent sanctions and the issue of maritime security will also be considered.
The funds, secured by income from frozen Russian assets, will be directed to the needs of the state budget. This is the first tranche from Canada, which allocated 5 billion Canadian dollars.
G7 foreign ministers are meeting in Canada amid disagreements between US allies and Trump over foreign policy and tariffs. They will discuss Ukraine and the Russian shadow fleet.
Mark Carney will be sworn in as Canada's 24th Prime Minister. He will take over from Justin Trudeau after winning the Liberal Party leadership election.
Marco Rubio stated that the mineral agreement between the United States and Ukraine is beneficial to both parties, promoting Ukraine's economic growth. However, he does not consider it a guarantee of security.
On March 16, a security summit will be held in New Delhi with the participation of intelligence chiefs from 20 countries. They will discuss the Russian-Ukrainian war, the conflict in the Middle East and the fight against terrorism.
The US has imposed 25% tariffs on steel and aluminum imports, affecting allies and economic rivals. Alcoa Corp warns of threats to jobs and rising prices.
Donald Trump has abandoned escalating the trade war with Canada. In response, the province of Ontario has suspended electricity surcharges for US customers.
Military leaders from about 30 countries met in Paris at Macron's invitation. The aim of the meeting is to develop plans for the "coalition of the willing" to deter Russia from further invasion of Ukraine.
Donald Trump announced an increase in tariffs on Canadian steel and aluminum to 50% in response to Ontario's 25% increase in electricity rates. The US President also threatens to significantly raise tariffs on Canadian cars.
U. S. Secretary of State Marco Rubio refuses to sign the G7 communiqué that does not align with the U.S. position on negotiations. The U.S. insists on removing mentions of sanctions and the war of the Russian Federation in Ukraine from the document.
The US Secretary of State stated that the issue of easing sanctions against Russia has not yet been discussed. He emphasized the importance of European involvement in resolving the war and close cooperation with Britain and France.
The province of Ontario has increased electricity rates by 25% for three U. S. states in response to Trump's trade restrictions. The surcharge will be 10 Canadian dollars per megawatt-hour for Minnesota, Michigan, and New York.
Mark Carney accused the American administration of attempting to seize the country's resources. The newly elected leader of the Liberal Party promised to maintain tariffs on American goods.
Mark Carney, the newly elected leader of the Liberal Party of Canada, stated that tariffs on American goods will remain. He criticizes Trump's policies and promises to defend Canadian interests in the trade dispute.
Mark Carney has been elected as the new leader of the Liberal Party of Canada, receiving 85. 9% of the votes. He will replace Justin Trudeau as Prime Minister and will be the first head of government without significant political experience.
The US President postponed the increase in tariffs on products from Mexico and Canada until April 2, but warned of a possible increase. Trump stated that such measures are necessary to bring wealth back to America.
140,000 members of the Liberal Party of Canada are voting for a new party leader to replace Justin Trudeau as Prime Minister. Among the candidates are Mark Carney, Chrystia Freeland, Karina Gould, and Frank Baylis.
Canada will hold a G7 foreign ministers' meeting in Charlevoix from March 12 to 14. The agenda includes the situation in Ukraine, the Middle East, the Indo-Pacific region, America, and Africa.
The USA vetoed the proposal to create a special G7 group to monitor violations of sanctions against Russian oil tankers. Washington is also trying to soften the wording regarding Russia in the G7 joint statement.
NATO Secretary General Mark Rutte stated the need to increase European defense budgets above 3% of GDP. The Alliance requires an increase in the production of ammunition, ships, tanks, and other military equipment.
The President of the United States has signed an order to establish a White House working group to oversee preparations for the 2026 World Cup. According to the FIFA president, the tournament will create 200,000 jobs and bring in about $40 billion.
Donald Trump announced the possibility of imposing new tariffs against Canada in response to 250% tariffs on American dairy products and lumber. The US President accused Canada of years of "ripping off" the country.
Canada's Foreign Minister Mélanie Joly stated that U. S. tariffs are a pretext for the future annexation of the country. Joly denied accusations regarding border security and called the U.S. an exporter of illegal weapons and drugs.
The Canadian government is worried about Trump's statements regarding a possible annexation of the country and calling Trudeau the "governor. " The U.S. plans to review military cooperation and exclude Canada from the "Five Eyes" group.
Brent and WTI oil prices are showing the biggest weekly drop since October due to uncertainty in U. S. trade policy. OPEC+ plans to increase production by 138,000 barrels per day.
