Finance leaders of the Group of Seven advanced economies agreed to launch by the end of this year a scheme to diversify global supply chains that will"contribute to safeguarding energy security," according to a final draft of their communique seen by Reuters.
"We will address data, supervisory, and regulatory gaps in the banking system," the draft communique said. China has been much on the minds of G7 finance leaders, with current chair Japan leading fresh efforts to diversify supply chains and reduce their heavy reliance on Beijing.
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