G8

#g8

The Group of Eight is the name of a forum for the governments of a group of eight leading advanced economies that was originally formed by six leading industrialised countries and subsequently extended with two additional members. Russia, which was invited to join as the eighth nation, was excluded from the forum by the other members on March 24, 2014, as a result of its involvement in the 2014 Crimea crisis in Ukraine. Thus the group will continue to meet comprising seven nations and the EU. The forum originated with a 1975 summit hosted by France that brought together representatives of six governments: France, West Germany, Italy, Japan, the United Kingdom, and the United States, thus leading to the name Group of Six or G6. The summit became known as the Group of Seven or G7 in 1976 with the addition of Canada. The G7 is composed of the seven wealthiest developed countries on Earth, and it remained active even during the period of the G8. Russia was added to the group from 1998 to 2014, which then became known as the G8. The European Union was represented within the G8 since the 1980s but could not host or chair summits.

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