G-7 seeks to bolster Russia sanctions as China and India fill gap

Financial restrictions accelerate shift away from dollar

20230511N Russian soldier

A Russian service member is seen atop of an armored vehicle during a military parade on Victory Day in Moscow. © Reuters

MASAYA KATO, Nikkei staff writer

TOKYO -- The Group of Seven wealthy democracies are discussing ways to counter the expanded trade to Russia from China, India and Turkey, which collectively has grown by more than $100 billion and has undermined the effectiveness of economic sanctions against Moscow.

The issue is among the topics at a meeting of G-7 finance ministers and central bank chiefs who were in Japan Thursday for a three-day meeting.

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