G7 to warn smaller Chinese banks to stop assisting in evading Western sanctions

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G7 to warn smaller Chinese banks to stop assisting  in evading Western sanctions

Weekend news reports say that U.S. officials expect the Group of Seven (G7) to warn smaller Chinese banks to stop assisting  in evading Western sanctions.

Reuters cite two people familiar with the matter.

G7 leaders are meeting on June 13-15 in Italy.

Reuters report is here for more

The G7 are Canada France, Germany, Italy, Japan, the UK and US. The EU are included as observers.

Pic from when Nigata hosted the Group

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: G7 to warn smaller Chinese banks to stop assisting  in evading Western sanctions

forexlive.com