G7 Summit to Address Chinese Banks' Role in Aiding Russia and Frozen Assets for Ukraine

Leaders from the world's top economies will meet in Italy to discuss economic measures against Russia and support for Ukraine, alongside broader geopolitical issues.

The G7 plans to issue a warning to smaller Chinese banks aiding Russia in evading sanctions.
Discussions will include redirecting interest from frozen Russian assets to fund loans for Ukraine.
The summit will also address the Israel-Gaza conflict and its geopolitical implications.
Leaders from emerging economies will join to discuss cooperation on global security and economic initiatives.
The event underscores the urgency of unified action as geopolitical tensions rise.