The leaders of the G7 along with European Council President Donald Tusk and President of the European Commission Jean-Claude Juncker, posed for photographs at Castle Elmau, Sunday, as the first day of the G7 summit kicked off. The heads of state and government of all G7 nations - Canada, France, Germany, Italy, Japan, the UK and the US - are present for the two-day summit. This year's gathering is estimated to cost just over €130 million ($144 million) according to official figures; while the German Taxpayers Federation believes it may cost the German state some €360 million ($400 million). The G7, formerly known as the G8, excluded Russia from the group of industrialised democracies in March 2014, citing its reunification with Crimea and the conflict in eastern Ukraine as the principle reasons.
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