G7

Group of Seven (G7) an informal forum of seven major advanced economies (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States), with the European Union also taking part, that coordinates economic and political policy. With Russia having been a formal member (as part of the G8) from 1997 until its expulsion in 2014. The G7 is not based on a treaty and has no permanent secretariat or office. It is organized through a presidency that rotates annually among the member states, with the presiding state setting the group’s priorities and hosting the summit.