G7 is back to address the “imbalances” of the global economy, Russia’s sanctions Russia-Ukraine, news war

The group said it would call for an analysis of the elasticity of the international supply chain.

Finance ministers and central bank rulers pledged from the seven G7 (G7) to address “excessive imbalances” in the global economy and said it may increase sanctions against Russia.

The Group of Seven announced the plan on Thursday, when officials who met in the Canadian Rocky Mountains said that there is a need for a joint understanding of how to undermine “policies and practices other than market” international economic security.

The document was not named China, but the US references and the economies of the other seven of the seven are often targeted by government support in China and the export -based economic model.

The final statement called for an analysis of the market concentration and the flexibility of the international supply chain.

She said: “We agree on the importance of an equal field and take a widely coordinated approach to address the damage caused by those who do not adhere to the same rules and lack transparency.”

Reducing the ceiling of Russian oil price

The CEO of the European Commission, Valdes Dombrovscis, said that the Group of Seven had discussed proposals for more sanctions on Russia to try to end its war in Ukraine. She said that it included a decrease in the price of the G7 at a value of $ 60 per barrel on Russian oil, given that Russian crude is now sold at this level.

Participants in the Group of Seven condemned what they called “the ongoing brutal war” of Russia against Ukraine and said that if the efforts made to achieve the ceasefire fail, they will explore all possible options, including “increasing sanctions.”

The statement said that the Russian sovereign origins in the judicial states will remain freezing until Moscow ended the war and paid in exchange for the damages it caused to Ukraine. The price of the price was not mentioned.

Brent raw is currently trading about $ 64 a barrel.

A European official said the United States was “unbalanced” to reduce the ceiling of Russian oil prices.

Earlier this week, the US Treasury said that Minister Scott Payette was planning to pressure the G7 allies to focus on the balance of the global economy for workers and companies from “unfair practices” in China.

The statement also realized an increase in low -value “De Minimis” package shipments that could overwhelm customs collection and tax collection systems and use them to smuggle medicines and other illegal goods.

The minimum exemption from the customs duties of beams of less than $ 800 by Chinese e -commerce companies, including Shein and TEMU.