G7 finance ministers seek common ground despite divisions over Russia and trade

France's Economy, Finances and Industry Minister Roland Lescure, Governor of the Bank of France François Villeroy de Galhau, US Secretary of Treasury Scott Bessent, Governor of the Bank of England Andrew Bailey, (LtoR, second row) South Korea's Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, Governor of the Bank of Korea Hyun Song Shin, Brazil's Finance Minister Dario Durigan, India's Secretary of the Department of Economic Affairs Anuradha Thakur, (rear, L) uropean Central Bank (ECB) President Christine Lagarde pose for a family photograph of G7 Finance Ministers and Central Bank Governors in Paris on May 19, 2026. AFP - KENZO TRIBOUILLARD

The world's leading economies have pledged renewed multilateral cooperation to tackle growing threats to global economic stability stemming from the war in the Middle East, after high-level talks in Paris that also exposed strains between the United States and several of its allies.

Finance ministers and central bank governors from the G7 met in Paris on Tuesday as economies worldwide grapple with the fallout from the US-Israeli war on Iran.