WATCH: G7 Financial meeting in Italy
Italy's Finance Minister Giancarlo Giorgetti and Bank of Italy Governor Fabio Panetta await their counterparts at the G7 Finance Ministers meeting in Stresa, northern Italy.
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At a G7 meeting in Italy, U.S. Treasury Secretary Janet Yellen urged for unlocking $260 billion in frozen Russian assets to aid Ukraine. As Kyiv's finances weaken amid ongoing conflict, urgent solutions are needed. Yellen also called for a unified stance against China's state subsidies impacting global manufacturing. Final decisions are expected at the G7 summit in Fasano, Italy, on June 13-15.