STRESA, Italy: The G7 will explore ways of using the future income from frozen Russian assets to help Ukraine, finance chiefs from the Group of Seven industrial democracies said on Saturday (May 25), according to a draft statement seen by Reuters.
A general view of the Grand Hotel et des Iles Borromees where the G7 Finance Minister and Central Bank Governors' Meeting will take place, in Stresa, Italy, on May 23, 2024. STRESA, Italy: The G7 will explore ways of using the future income from frozen Russian assets to help Ukraine, finance chiefs from the Group of Seven industrial democracies said on Saturday , according to a draft statement seen by Reuters.
The United States has been pushing its G7 partners - Japan, Germany, France, Britain, Italy and Canada - to back a loan that could provide Kyiv with as much as US$50 billion in the near term. The finance ministers and central bankers meeting in Stresa, northern Italy, aim to present options on the issue of Ukraine funding for G7 heads of government to consider at a summit in mid-June, the statement said.
The United States last week unveiled steep tariff hikes on an array of Chinese imports including electric vehicle batteries, computer chips and medical products.
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