NIIGATA, Japan - Support for war-torn Ukraine will top the agenda at G-7 finance talks on Thursday, but ministers and central bankers will also weigh concerns from banking uncertainty to US debt default fears.
In Niigata though she will put the focus on addressing “shared challenges – including those stemming from Russia’s illegal war in Ukraine”, according to the Treasury Department. Fresh action could centre around “strengthening sanctions evasion by third countries, starting with China”, he told AFP. “With the EU Commission now supporting US leadership here, further serious G-7 agreement and action will come,” he said ahead of the Niigata talks, which Ukrainian Finance Minister Sergii Marchenko will join virtually.Stronger supply chains, crypto regulation and climate finance will also provide talking points for the ministers, central bank chiefs, and the heads of the IMF, OECD and World Bank.
Three regional US banks have collapsed since early March, sparking panic among customers and turmoil for the shares of mid-sized institutions.