G7 seeks to cut 'excessive imbalances' in global economy, may impose more Russia sanctions

Business

BANFF, Alberta: Finance ministers and central bank governors from the Group of Seven democracies pledged on Thursday (May 22) to address "excessive imbalances" in the global economy and said they could increase sanctions on Russia. The finance ministers and central bank governors, who met in the Canadian Rocky Mountains, said there was a need for a common understanding of how "non-market policies and practices" undermine international economic security. The document did not name China, but

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