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G-7 Finance Chiefs Boost Ukraine Aid, Propose Supply Chain Plan

  • Statement notes $44 billion in funds to help support Ukraine
  • Meeting opened to emerging economies including India, Brazil
Group of Seven finance ministers and central bank governors during a family photo session at their meeting in Niigata, Japan
Group of Seven finance ministers and central bank governors during a family photo session at their meeting in Niigata, JapanPhotographer: Kiyoshi Ota/Bloomberg
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Group of Seven finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues ahead of next week’s summit in Hiroshima.

“We call for an immediate end of Russia’s illegal war against Ukraine, which would clear one of the biggest uncertainties over the global economic outlook,” they said in a statement following their gathering in Niigata, Japan.