During a meeting in Canada, G7 finance ministers and central bank governors discussed potential further sanctions against Russia due to its ongoing aggression in Ukraine. They condemned Russia's actions, insisting on freezing Russian sovereign assets and ensuring that entities financing the war will not profit from Ukraine’s reconstruction. Ukrainian representatives urged the G7 members to maintain pressure on Russia, with an emphasis on diplomatic efforts toward a successful cease-fire while highlighting that the continued conflict is Russia's responsibility.
Canada's Finance Minister emphasized that no nation financing the 'Russian war machine' will gain from Ukraine's reconstruction, underscoring the G7's firm stance on sanctions.
Ukrainian Finance Minister urged G7 members to maintain pressure on Russia, highlighting the necessity of continued sanctions amidst ongoing hostilities.
Ukrainian President Zelenskyy stated that Ukraine is prepared to swiftly end the war but insists that Russia must also demonstrate readiness for peace.
The G7 finance ministers condemned Russia’s actions in Ukraine, agreeing to explore all options for sanctions if a ceasefire isn’t achieved.
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