43rd G7 summit

G7 hammers China over Russia ties, 'harmful' trade

G7 leaders meeting in Italy Friday hardened their tone against China, warning Beijing to stop sending weapons components to Russia and play by the rules on trade.

China was a key focus of the Group of Seven talks in Puglia, amid souring trade relations between Beijing and the West and concerns that its supplies of equipment to Moscow are fuelling Russia's war in Ukraine.

G7 to agree $50 bln Ukraine loan at Italy summit

A general view shows the Swabian Castle of Brindisi (Castello Svevo), the venue that will host the welcome dinner of the G7 Summit, on June 12, 2024 in Brindisi.

G7 leaders gather Thursday for the first day of an Italy summit, hoping to seal a deal on providing $50 billion for Ukraine using frozen Russian assets.

Yellen urges 'more ambitious' G7 plans for Russian assets

U.S. Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on "more ambitious options" to use frozen Russian assets to help Ukraine.

The ministers and central bankers from the Group of Seven world powers are meeting in Stresa, on the shores of northern Italy's Lake Maggiore, to prepare for a summit of G7 heads of state next month in Puglia.

G7 to Back EU Plan Utilizing Frozen Russian Assets for Ukraine Aid

According to an official from the Italian Ministry of Finance, finance ministers from the Group of Seven (G7) nations, scheduled to meet in Italy next week, are set to endorse a European Union proposal. This plan involves utilizing funds from frozen Russian assets to support Ukraine's efforts in the ongoing conflict, as reported by Reuters.

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