Some analysts say there may be differences on sanctions, particularly among Europeans who are being forced to wean themselves off Russian energy supplies. Read more at straitstimes.com.
TOKYO - Japan, this year’s chair of the Group of Seven , expects Russia’s invasion of Ukraine to dominate talks among the world’s major advanced economies, its top finance diplomat, Mr Masato Kanda, told Reuters.
Mr Kanda, who is vice-finance minister for international affairs, listed the challenges the G-7 will have to confront over the coming year. Mr Kanda said Japan was working hard to help Sri Lanka, which is suffering its deepest economic crisis in 70 years, by coordinating with the Paris Club of creditor nations and the International Monetary Fund to ensure the participation of China and India in efforts to restructure its debt.
Separately, Tokyo plans to spearhead discussions on ramping up a regional multilateral currency swaps arrangement - called the Chiang-Mai Initiative Multilateralisation agreement - to prepare for future financial crises and natural disasters, Mr Kanda said.
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