The G20 countries agreed on the need to tax the super-rich. The proposal calls for a 2% tax on wealth over $1 billion, but faced a negative reaction from some countries.
The first tranche of 1. 5 billion euros from frozen Russian assets will be transferred to Ukraine before the start of the "summer holidays" with European officials.
U. S. Treasury Secretary Janet Yellen says it is legal to use proceeds from frozen Russian assets to support Ukraine, responding to criticism of the G7's decision to provide Kyiv with $50 billion in collateral for these proceeds.
Finance ministers will consider using the profits from immobilized Russian assets in the West to provide a large-scale loan to Ukraine after the G7 summit in June.
The United States is considering additional sanctions against foreign banks operating in Russia due to growing risks, US Treasury Secretary Janet Yellen said.
World Bank President Ajay Banga expressed his readiness to manage a G7 loan fund for Ukraine secured by frozen Russian assets for non-military purposes, using the World Bank's experience in managing similar donor funds.
U. S. Treasury Secretary Janet Yellen urged G7 ministers to explore more ambitious options for using $325 billion in frozen Russian assets to help Ukraine, in addition to the EU's plan to use the interest earned on those assets.
Canada is imposing sanctions on Russian individuals and legal entities for facilitating the illegal transportation of weapons, including ballistic missiles, from North Korea to Russia for use in the war against Ukraine, in violation of UN resolutions.
U. S. Treasury Secretary Janet Yellen called on European banks to step up efforts to combat Russian sanctions evasion, including through third parties and sensitive goods originating in the U.S. and Europe.
The G7 plans to provide Kyiv with $50 billion in aid from frozen Russian assets, and the US is negotiating to sign an agreement at the G7 summit in June.
Despite Ukraine's insistence, the G7 countries reportedly no longer have the idea of full confiscation of frozen Russian assets on the table, instead exploring alternative ways to obtain funds from these assets to support Ukraine.
China promises to take "necessary measures" to protect its companies after new US sanctions aimed at undermining Russia's military capabilities targeted Chinese firms.
Ukraine needs the legal basis and political will to access $300 billion in frozen Russian assets to finance its defense and recovery from the Russian invasion.
The head of the Ukrainian Ministry of Justice said that there is about a month and a half left to reach an international consensus on the confiscation of Russian assets, as the G7 summit in mid-June is likely to formalize a decision on this issue.
U. S. Secretary of State Anthony Blinken expressed concern about China's support for Russia's defense industry during talks with senior Chinese diplomat Wang Yi in Beijing, highlighting tensions despite efforts to stabilize relations between the world's largest economies.
Oil prices rose moderately amid optimism about stronger US economic growth and concerns about conflicts in the Middle East.
U. S. Treasury Secretary Janet Yellen said that direct confiscation of Russian assets is one possibility, but that these assets could also serve as collateral for borrowing to help Ukraine, according to an interview with Reuters.
The United States is developing sanctions that could cut off some Chinese banks from the global financial system to force Beijing to limit exports of dual-use goods that help Russian military production.
The G7 countries do not plan to unfreeze russian assets and are working on how to use them to help Ukraine. A plan to compensate Kyiv with frozen russian funds will be presented at the summit in Italy in June.
The United States warns China of "further steps" if it helps Russia build up its military capabilities and avoid sanctions over its invasion of Ukraine.
Ukraine's Prime Minister expects the US to continue financial and military assistance until 2024, confiscate Russian assets to help Ukraine, and deepen bilateral cooperation to win the war and establish peace.
The United States and G7 allies are exploring ways to unlock nearly $300 billion in frozen Russian assets to help Ukraine, with options such as using the assets as collateral or confiscating interest income being considered.
Iran's attack on Israel and financing of militants threatens regional stability and could have economic consequences due to US sanctions, Treasury Secretary Janet Yellen has warned.
The United States and the United Kingdom have imposed new bans on the import and use of russian aluminum, copper and nickel to limit russia's metal export revenues and its ability to finance its war against Ukraine.
China denies trying to benefit from Russia's war against Ukraine and regulates the export of dual-use goods in accordance with laws and regulations.
U. S. Treasury Secretary Janet Yellen warned Chinese banks and exporters of "significant consequences" if they help strengthen Russia's military capabilities or help Moscow evade sanctions imposed over its invasion of Ukraine.
U. S. officials warn that China is providing significant assistance to Russia's military-industrial complex, which threatens Ukraine and global security.
Biden expressed concerns to Xi about China's support for Russia's war against Ukraine, unfair trade policies, and non-market economic practices that harm American workers.
The head of the U. S. Treasury Department says that confiscated Russian assets cannot replace urgently needed U.S. aid to Ukraine, which has been delayed in Congress.
The G7 leaders disagreed on the legality of the withdrawal of frozen Russian assets in favor of Ukraine, with France disputing the US position that this is allowed under international law.