The meeting of world leaders in Northern Ireland was also due to seek a deal on tax evasion but it was the divisions over the civil war in Syria that threatened to overshadow the second day of the gathering.
Presidents Barack Obama and Vladimir Putin struggled to hide their sharp differences on the conflict although they agreed they would push the fragile drive for a peace conference in Geneva.
In what appeared to be an attempt to face down Putin, British officials said the other seven G8 nations could go as far as issuing their own end-of-conference statement on Syria without Russia, which backs President Bashar al-Assad's regime.
Putin and Obama met for an hour of talks at the Lough Erne golf resort and in a grim-faced press conference afterwards said they had agreed to push all the parties in the conflict to attend a Geneva conference.
But the divisions between two nations that are now essentially arming different sides of the conflict were clear.
"Of course our opinions do not converge, but all of us have the intention to stop the violence in Syria and stop the growth in the number of victims," said Putin, who has shown contempt for plans by the White House to begin arming selected rebel groups in Syria.
He said he and Obama agreed that the vicious civil war must end "peacefully" and through peace talks.
The US president also unveiled a new $300 million aid package for refugees inside and outside Syria.
In comments to PBS television broadcast later, Obama was sceptical about the effectiveness of setting up a no-fly zone in Syria or other major US military action.
Some critics had proposed "we go in hot and heavy, no fly zones, setting up humanitarian corridors, and so forth".
But the situation was far more complex, he told the US broadcaster.
Earlier, the British summit hosts raised the possibility of the other G8 nations issuing a statement about Syria without Russia, in what is bound to be seen as a provocative move by Putin.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)