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G7 ministers threaten more sanctions against Russia over Ukraine war
- On May 22, finance leaders from the Group of Seven nations gathered in the Rocky Mountains region of North America and warned that additional sanctions against Russia could be implemented if it continues its military actions in Ukraine.
- The threat to impose additional sanctions depends on Russia failing to agree to a ceasefire, as diplomatic efforts including recent face-to-face talks have so far stalled.
- Ministers discussed lowering the current $60-a-barrel price cap on Russian oil to $50 and confirmed that Russia's sovereign assets will remain blocked until it ends the war and pays reparations to Ukraine.
- The final statement emphasized that if a ceasefire is not reached, the group will consider all avenues to increase pressure, such as intensifying sanctions, while highlighting the importance of unity and collective effort.
- The G7 pledged to bar any entities that finance Russia's war from profiting from Ukraine's reconstruction, indicating continued economic and diplomatic pressure to resolve the conflict.
12 Articles
12 Articles
G7 threatens further sanctions if Russia fails to agree Ukraine ceasefire | Russia-Ukraine war News – Monkey Viral
Finance officials from the Group of Seven (G7) nations have threatened they could impose further sanctions on Russia should it fail to agree a ceasefire in its war on Ukraine. Ending their G7 meeting in the Canadian Rocky Mountains, where foreign ministers were also convening this week, the finance chiefs said on Thursday night that […]
G7 Unites to Address Global Economic Imbalances and Considers Fresh Sanctions on Russia – EUROP INFO
G7 Collaborates to Tackle Global Economic Inequality with Integrated Solutions During a landmark summit addressing pressing global economic issues, the G7 leaders reaffirmed their commitment to confronting persistent economic disparities that threaten worldwide stability and growth. Amid soaring inflation rates—exceeding 6% on average across member nations in early 2024—ongoing supply chain disruptions, and uneven recovery patterns following the…
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