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G7 finance leaders pledge cooperation on Iran, use of frozen Russian assets

CGTN

 , Updated 10:23, 18-Apr-2024

Finance leaders from the Group of Seven countries on Wednesday condemned Iran's attack on Israel and pledged to continue work on "all possible avenues" to harness frozen Russian sovereign assets to aid Ukraine.  

In a joint statement issued after a meeting, the G7 finance ministers and central bank governors said they would "ensure close coordination of any future measure to diminish Iran's ability to acquire, produce, or transfer weapons to support destabilizing regional activities."

Iran launched attack drones and missiles against Israel last weekend, which the military said was in retaliation for an air strike on its consular building in Syria earlier this month. Iran has accused Israel of the April 1 attack which killed seven Iranian military personnel, including senior commanders.

The G7 ministers met on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington and said that they view risks in the global economy as "more balanced" amid recent resilience to multiple shocks, with inflation receding.

(With input from Reuters)

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