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EU economy chief urges G7 to join plan tapping Russia assets for Ukraine
EU economy chief urges G7 to join plan tapping Russia assets for Ukraine
Economy
by  AFP

The EU will urge G7 partners to consider tapping immobilized Russian assets in aiding Ukraine, the bloc's economy commissioner told AFP on Wednesday, as finance ministers of the group convene in Washington. Also on the Group of Seven ministers' agenda are discussions on China's recently announced curbs on rare earths, commissioner Valdis Dombrovskis told AFP in an interview.

US says working on new $20 bn 'facility' for Argentina
US says working on new $20 bn 'facility' for Argentina
Economy
by  AFP

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy. Bessent added that he had spent "weeks" working on the private-sector solution to Argentina's upcoming debt payments, which would come on top of the $20 billion US swap line the US Treasury recently set up.