G7: global economy braves pandemic and conflict in Ukraine

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According to reports, the global economy has shown resilience to crises such as the epidemic and the situation around Ukraine. TASSHe referred to the statement adopted after the meeting of finance ministers and central bank governors of the Group of Seven (G7) countries held in Niigata, Japan.

“The global economy has resisted multiple shocks,” the document says.

In the statement, besides the pandemic, the situation around Ukraine and the increase in inflation in the world were listed as examples.

The document also says that governments must remain vigilant and remain flexible in macroeconomic policies in the face of increasing uncertainty about the outlook for the global economy.

The agency noted that the document did not mention the problem of raising the debt ceiling in the US and the possibility of default in that country.

May 12 issue of Politico reportedAll EU countries support the tightening of energy sanctions against Russia. A preliminary version of a new package of restrictions proposed by the European Commission prohibits ships smuggling energy carriers from Russia from entering EU ports. Even countries that “benefit from undeclared imports of Russian oil” did not speak out, according to Politico.

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