G7 finance chiefs move to diversify supply chains

They stressed the need to strengthen financial stability after the recent banking sector turmoil, adding that their governments “stand ready to take appropriate action”. Three regional US banks have collapsed since early March, sparking panic among customers and causing turmoil in stocks of mid-sized institutions. Pledging to “address data, supervisory and regulatory gaps in the […]

G7 commits $32 billion in budget support for Ukraine in 2023

According to statements by ministers from the United States, Canada, Japan, Germany, France, Italy and Britain, the entire amount has now been distributed or is in the process of being distributed to Ukraine. German Finance Minister Christian Lindner said that supporting Ukraine following Russia’s invasion is a priority for the G7. Germany, which took over […]