At a G7 meeting in Italy, U.S. Treasury Secretary Janet Yellen urged unlocking $260 billion in frozen Russian assets to support Ukraine during its financial crisis due to conflict.
Yellen emphasized the need for a unified stance against China's state subsidies, affecting global manufacturing, seeking agreement at the upcoming G7 summit in Fasano, Italy.
Decisions on unlocking Russian assets and addressing China's subsidies impact are crucial in providing urgent aid to Ukraine and ensuring fair global trade practices.
The G7 summit on June 13-15 in Italy will determine the course of action regarding the frozen Russian assets and strategies against China's state subsidies in manufacturing.
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