US Treasury Secretary Janet Yellen says spillovers from Russia’s war against Ukraine and disruptions caused by the pandemic have made clear the importance of diversified and resilient supply chains. – EPA pic, May 13, 2023.
THE G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said today following finance talks in Japan ahead of a major summit next week. The ministers did not directly mention efforts to reduce reliance on trade with China or Russia as motivation for the new framework, which focuses on clean energy technology.
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