Reported 5 months ago
G7 finance ministers met in Italy to discuss pulling forward earnings from frozen Russian assets to support Ukraine's war effort and address China's export strength. The ministers are considering ways to utilize around $300 billion in Russian financial assets, with the U.S. proposing a loan that could provide $50 billion near-term. However, legal and technical aspects need clarification, and a detailed agreement is not expected immediately. Other topics on the agenda include global trade, taxation, and a proposal for a global wealth tax on billionaires, with the U.S. resisting the latter.
Source: YAHOO