G7 finance chiefs meeting in Italy this week will attempt to find common ground over how to use frozen Russian assets to help Ukraine's war effort and how to address China's growing export strength in key markets, officials said.
Finance ministers and central bankers from the Group of Seven wealthy democracies — the United States, Japan, Germany, France, Britain, Italy and Canada — will gather in the northern Italian lakeside town of Stresa on Friday and Saturday.
G7 negotiators have been discussing for weeks how to best exploit some $300 billion worth of Russian financial assets, such as major currencies and government bonds, which were frozen shortly after Moscow invaded Ukraine in February 2022.