Explained: The G7 - What It Is And Its Role
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16 June 2024
The G7 is an informal association of wealthy western nations without a permanent administrative structure or legal standing
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Each year, one of its member countries takes on the presidency, determining priorities and organising summits
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The G7 consists of the United States, United Kingdom, Canada, France, Germany, Italy, and Japan, with the European Union also participating
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Russia joined in 1997, expanding the group to the G8, but was suspended in 2014 following its annexation of Crimea
Image: @KremlinRussia_E
Originally focused on economic and financial issues like the oil crises, the G7 expanded its agenda in the 1980s to include political matters
Image: g7/Instagram
Annual summits, which have facilitated the initiation of new rounds of global trade negotiations, have also undertaken efforts to alleviate the debts of the world's poorest nation
Image: g7/Instagram
This year, Italy hosted the G7 Summit
Image: @G7/X
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