G-7 Finance Chiefs Unite to Condemn Russia and Counter China
- Chiefs call for immediate end to Russia’s war against Ukraine
- G-7 propose new partnership for supply chain diversification
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Under the shadow of swelling risks to the global economy, finance chiefs from the world’s wealthy nations presented a united front with more support for Ukraine, a plan for diversifying supply chains and a vow to fill gaps in financial regulation.
The Group of Seven’s ease in agreeing on a statement after three days of talks in Niigata, Japan, was in stark contrast with the discord seen at the Group of 20 finance ministers and central bank governors meeting in Bengaluru, India, less than three months earlier, which ended without the usual communique.