[G7 prepares to collectively sanction Russia and provide economic support to Ukraine]
#G7 prepares collective sanctions against Russia#On February 14, the G7 finance ministers issued a statement saying that the continued Russian military buildup on the Ukrainian border is of serious concern, and the G7 is prepared to act quickly and decisively to support the Ukrainian economy, while supporting ongoing efforts to seek urgent determinations. Towards a diplomatic approach to de-escalation.
The G7’s immediate priority is to support efforts to de-escalate the situation, but any further Russian military aggression against Ukraine will be met with a prompt, coordinated and forceful response, the statement said. The G7 is prepared to collectively impose economic and financial sanctions, which will have a massive and immediate impact on the Russian economy.
The G7 said it will continue to monitor the situation very closely and stands ready to act in a strongly coordinated manner and at a very short time to provide Ukraine with further economic and financial support.