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G7 countries ready to impose sanctions against Russia in case of invasion of Ukraine – statement

G7 countries ready to impose sanctions against Russia in case of invasion of Ukraine – statement
14 of February 2022 г.
The G7 Finance Ministers have stated about their readiness to impose economic and financial sanctions against the Russian Federation in case of an invasion of Ukraine.

This is said in the G7 Finance Ministers' statement posted on the UK government’s website, Ukrinform reports.

“Our immediate priority is to support efforts to de-escalate the situation [around Ukraine]. However, we reiterate that in particular any further military aggression by Russia against Ukraine will be met with a swift, coordinated and forceful response. We are prepared to collectively impose economic and financial sanctions which will have massive and immediate consequences on the Russian economy. We will continue to monitor the situation very closely and stand ready to act in a strongly coordinated manner and at very short notice with further economic and financial support for Ukraine,” the statement says.

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