Ukraine, G7: ‘New sanctions soon’ – World

The G7 countries undertake to take “as soon as possible further measures to further isolate Russia from our economies and the international financial system” This is what is stated in the final G7 communiqué.

The G7 “will take measures to remove Russia’s most favored nation status, revoking important benefits from its WTO membership” and “welcomes the ongoing preparation of a broad coalition of WTO members announcing the revocation of that status”. It can be read in a note from the G7 leaders published by the German presidency. “We are working collectively to prevent Russia from obtaining funding from major multilateral institutions, including the IMF, the World Bank and the European Bank for Reconstruction and Development.”

G7 countries have “operationalized” the task force to target the assets of Russian elites who “support Putin’s war machine”, and “will ensure that elites, intermediaries and oligarchs are deprived of access to goods. and luxury assets “, reads the statement from the G7 leaders.

“We remain determined to further isolate Russia from our economic systems and the international financial system. Consequently, we are committed to adopting new measures as soon as possible,” reads a statement from the G7 leaders.

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