ROME –
G7 financial leaders meeting in Italy this week will try to reach an agreement on how to use frozen Russian assets to support Ukraine’s war effort and how to tackle China’s growing export power in key markets, officials said .
Finance ministers and central bankers from the Group of Seven wealthy democracies – the United States, Japan, Germany, France, Britain, Italy and Canada – will meet Friday and Saturday in the northern Italian lakeside city of Stresa.
G7 negotiators have been discussing for weeks how best to exploit some $300 billion in Russian financial assets, such as major currencies and government bonds, which were frozen shortly after Moscow invaded Ukraine in February 2022.
