Reported 5 months ago
At the G7 finance meeting in Italy, the U.S. is pushing for more financial aid to Ukraine by unlocking frozen Russian assets worth $260 billion, with proposals to borrow against future interest income to provide up to $50 billion immediately. The meeting also focuses on creating a united front against China's trade practices, particularly its state subsidies for manufacturing, as U.S. Treasury Secretary Janet Yellen calls for a common stance to counter China's overcapacity threat in global markets. The finance ministers aim to make final decisions at the upcoming G7 leaders' summit in June.
Source: YAHOO