G7 pledges to tackle global economic imbalances, sidesteps tariff debate and weighs sanctions on Russia

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G7 pledges to tackle global economic imbalances, sidesteps tariff debate and weighs sanctions on Russia - Malay Mail

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G7 addresses non-market policies undermining economic security Communique hints at China’s economic practices G7 co...

But the plan was not mentioned in the communique, partly because US Treasury Secretary Scott Bessent was not convinced that it was needed, a European official said.

European Commission Executive Vice President Valdis Dombrovskis said the G7 ministers discussed a proposal to lower the G7-led US$60-per-barrel price cap on Russian oil exports, given Russian crude is now selling under that level.