Page 31 - Piemonte News Today

The US has been pushing its G7 partners to back a loan that could provide Ukraine with as much as US$50 billion in the near term.

Finance ministers and central bankers meeting in Italy are aiming to present options on the issue of Ukraine...

A final decision on how the assets will be used will rest with the G7 national leaders, including U.S. President Joe Biden, next month at their annual summit in Fasano, in southern Italy

U.S. Treasury Secretary Janet Yellen said on Saturday that a loan for Ukraine backed by the income from frozen Russian sovereign assets is the main option for G7 leaders to consider in June but added... -May 25, 2024 at 07:33 am EDT - MarketScreener

The statement will not undergo significant changes before a final version to be released following the meeting of G7 finance ministers and central bankers in the northern Italian town of Stresa, Reuters said

Western economic officials projected a united front, and braced for retaliation, as they prepped tougher sanctions and tariffs.

G7 finance ministers discusssed options for using interest from frozen Russian assets to help Ukraine. Kyiv has stepped up its appeals for more international financial aid to fight off Moscow's invasion.

A G7 loan to Ukraine would be aimed at supporting the war-torn countrys budget for the next few years and would not be used for weapons, Italian Economy Minister Giancarlo Giorgetti said on... -May 25, 2024 at 07:42 am EDT - MarketScreener

G7 finance ministers said on Saturday they were making "progress" in finding ways to use profits from frozen Russian assets to help Ukraine, according to a draft statement from a summit in Italy.

Italian banks must halt their business in Russia as staying in the country also brings a reputational problem, European Central Bank policymaker Fabio Panetta said on Saturday. After...