Reported 7 months ago
The G7 summit held in Italy from June 13 to 15 reached a consensus on utilizing $500 billion from the interest accumulated on frozen Russian assets to aid Ukraine amidst the Russia-Ukraine conflict. In addition to addressing the Russia-Ukraine war, G7 leaders also tackled issues like deteriorating relations with China, including China's overcapacity production and support to the Russian economy, as well as handling domestic challenges faced by leaders like Germany, France, the US, the UK, Canada, and Japan. Discussions during the summit focused on sanctions against Russia and economic security aspects in the Indo-Pacific region. The summit highlighted the provision of financial aid to Ukraine and expanded sanctions against Russia, impacting Moscow's stock exchange operations with the US and the EU.
Source: YAHOO