G20 finance leaders to gauge toll on global economy on Ukraine war’s anniversary

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Global finance leaders will tally the economic damage from Russia’s war in Ukraine as they meet on the conflict’s first anniversary with some voicing concerns that more sanctions on Moscow would disrupt a modest improvement in growth. | Reuters

Yellen attributed the improvement in part to cooperation among G20 central banks and governments over the past year in taking strong action to quell inflation, even at the expense of growth.

Yellen and fellow G7 ministers on Thursday called for more financial support for Ukraine and vowed to maintain tough sanctions on Russia. German Finance Minister Christian Lindner said the pressure on Russia must be kept high to “completely isolate” Russia’s economy.

 

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