Frankfurt: Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a US proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But the ministers left a final deal to be worked out ahead of a June summit of national leaders. “We are making … Read more
G7 energy and climate ministers agreed a time frame Tuesday for phasing out coal-fired power plants that are not equipped to capture emissions in a significant step towards curbing fossil fuel use.The Group of Seven two-day meeting in Turin is the first big political session since the world pledged at the UN’s COP28 climate summit … Read more
U.S. President Joe Biden convened the Group of Seven advanced democracies on Sunday to coordinate a rebuke to Iran for its unprecedented and largely unsuccessful aerial attack on Israel and to prevent a wider regional escalation. After their videoconference, the leaders issued a joint statement “unequivocally condemning in the strongest terms” the direct attack by … Read more
U.S. Treasury Secretary Janet Yellen on Tuesday underscored the urgency of moving forward together with Western allies to unlock the value of frozen Russian sovereign assets to help Ukraine, but said the U.S. had no “preferred strategy” for how to do so. Yellen, speaking at a news conference ahead of meetings with her G7 and … Read more
