About G7

• The Group of Seven (G7) is a collective of seven of the world’s most industrialized and developed economies. Their political leaders come together annually to discuss important global economic, political, social and security issues.
• The G7 member countries are the United States, Britain, France, Japan, Germany, Italy, and Canada. 
• Russia belonged to the forum from 1998 through 2014, when the bloc was known as the G8, but was suspended following its annexation of Crimea.
• India is not a member of the G-7 grouping.

Why in News?             

• Ukraine has asked G7 nations for 50 billion US dollars in financial support to help it cover a war-linked budget deficit over the next six months.

Reference:

1. https://newsonair.gov.in/News?title=Ukraine-asks-G7-nations-for-50-billion-US-dollar-in-financial-support&id=439345