G7 Finance Ministers Close Ranks as Tensions with Russia and China Fester

Top finance officials from advanced economies are moving towards an agreement on using Russia’s frozen assets to aid Ukraine and uniting against China’s cheap exports. The Group of 7 nations are proposing ambitious sanctions, deepening divides between Western economies and Russia, China, and allies. Efforts to influence Russia and China have had limited success, but rich countries are renewing efforts to test their combined economic power.



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