Category: Group of Seven

Yellen Rebukes Chinese Lending Practices in Call for Debt Relief

In an interview, the Treasury secretary also highlighted progress at the World Bank and the International Monetary Fund ahead of annual meetings this week.
Russian Oil Flows Through Western ‘Price Cap’ as Shadow Fleet Grows

A report shows how Russia has largely evaded sanctions aimed at limiting its revenue from oil sales.
U.S. Expands Sanctions on Russia as G7 Leaders Gather

The Biden administration is taking new measures aimed at stopping China from helping the Kremlin sustain its war effort against Ukraine. U.S. officials hope European nations will take similar steps.
U.S. Seeks to Join Forces With Europe to Combat Excess Chinese Goods

Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat the requires a united response.
Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters

Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports.
U.S. and Europe Move Closer to Using Russian Assets to Help Ukraine

Finance ministers from the G7 nations are hoping to finalize a plan ahead of the group’s leaders meeting next month.
I.M.F. Sees Steady Growth but Warns of Rising Protectionism

The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.
U.S. Imposes Major New Sanctions on Russia, Targeting Finance and Defense

The Biden administration, responding to the death of Aleksei A. Navalny, unveiled its largest sanctions package to date as the war in Ukraine enters its third year.
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion

The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
The Global Race to Regulate Artificial Intelligence is Heating Up

President Biden is set to issue new rules on the technology, days ahead of an international summit on A.I. safety.
U.S. Imposes First Sanctions for Violations of Russian Oil Price Cap

The Treasury Department called the action a new phase of enforcement of a policy to starve Russia of oil revenue.
How More Sanctions on Russian Diamonds Could Affect the Global Market

The Group of 7 and the European Union are expected to issue new rules in an effort to slow the flow of revenue into the Kremlin’s war chest.