Two-day G7 finance summit kicks off seeking unity on Ukraine, China

The G7 will also address a proposed global wealth tax on billionaires, promoted by Brazil and France among the broader Group of 20 developed countries

Finance chiefs from the Group of Seven industrial democracies began a two-day meeting in Italy on Friday seeking to present a common front on the need to provide a loan to Ukraine and oppose China's "unfair" industrial policies.

However, comments from officials ahead of the gathering in Stresa, northern Italy, suggest no hard details will emerge on a U.S push for a loan to Ukraine backed by the future income from some $300 billion of frozen Russian assets.
 

"We will be putting a proposal to use the windfall profits for the Russian assets for the years to come," French Finance