The G7 group of nations have condemned the staging of sham "elections" held by Russia in Ukrainian territories it seized.
The foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the High Representative of the European Union said that these elections" are further violation of the independence, sovereignty and territorial integrity of Ukraine and of the UN Charter.
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Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.