G7 Finance Ministers Condemn Hamas Terrorist Attacks on Israel

On Thursday, October 12, the finance ministers of the G7 countries condemned Hamas's attacks on Israel and declared their 'unwavering' support for Ukraine's counteroffensive against Russia's military invasion. In a joint statement following their meeting on the sidelines of the annual International Monetary Fund and World Bank meeting in Morocco, the finance ministers and central bank governors of the G7 countries stated: 'We unequivocally condemn the recent terrorist attacks by Hamas against Israel and express our solidarity with the people of Israel.' Shunichi Suzuki, Japan's finance minister who chaired the meeting, noted that many participants expressed concern over the escalation of conflict in the Middle East. The G7, which consists of the United States, the United Kingdom, France, Germany, Italy, Canada, and Japan, also emphasized their determination to impose sanctions and other economic punitive measures against Russia. The G7 finance leaders stated in their joint statement: 'We are committed to countering any efforts to circumvent and undermine sanctions against Russia' and added that they would monitor the effectiveness of the price cap on Russian oil products. U.S. Defense Secretary: We impose no conditions on security assistance to Israel. Live blog: G7 foreign ministers welcome the cessation of hostilities; all hostages should be released unconditionally. Blinken in Israel: The U.S. reserves the right to block Iran's released funds in Qatar. The White House described Trump's remarks about Hezbollah and Israel's defense minister as 'dangerous.' The head of the International Monetary Fund: The Israel-Hamas war has darkened the outlook for the global economy.