>BANFF, Alberta, May 22 (Reuters) – Finance ministers and central bank governors from the Group of Seven democracies papered over their differences on Thursday, pledging to address “excessive imbalances” in the global economy and saying they could increase sanctions on Russia. Ahead of the meeting there had been doubt about whether there would be a final communique, given divisions over U.S. tariffs and Washington’s reluctance to refer to Russia’s war on Ukraine as illegal. But after talks that stretched over three days, participants signed on to a lengthy document.
>The finance ministers and central bank governors, who met in the Canadian Rocky Mountains, said there was **a need for a common understanding of how “non-market policies and practices” undermine international economic security.** The document did not name China, but references by the U.S. and other G7 economies to non-market policies and practices often are targeted at China’s state subsidies and export-driven economic model.
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>BANFF, Alberta, May 22 (Reuters) – Finance ministers and central bank governors from the Group of Seven democracies papered over their differences on Thursday, pledging to address “excessive imbalances” in the global economy and saying they could increase sanctions on Russia. Ahead of the meeting there had been doubt about whether there would be a final communique, given divisions over U.S. tariffs and Washington’s reluctance to refer to Russia’s war on Ukraine as illegal. But after talks that stretched over three days, participants signed on to a lengthy document.
>The finance ministers and central bank governors, who met in the Canadian Rocky Mountains, said there was **a need for a common understanding of how “non-market policies and practices” undermine international economic security.** The document did not name China, but references by the U.S. and other G7 economies to non-market policies and practices often are targeted at China’s state subsidies and export-driven economic model.
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