According to the publication, the club meets twice a year in luxury hotels and palaces, where sensitive topics are discussed, including merger deals and the formation of global policy.

This club does not have a website, its composition and minutes of meetings are not published anywhere, and its members are advised not to share details of discussions, the newspaper writes, citing sources.

Bloomberg wrote in January that a secret meeting took place in December between Ukraine and its G7 allies, as well as a small group of countries from the Global South.