G7 Nations Stand Firm with Ukraine: Potential for Further Sanctions on Russia

The German Finance Minister, Lars Klingbeil, announced that the Group of Seven advanced economies will likely release a joint communique supporting Ukraine. If Russia refuses serious negotiations, additional sanctions may be considered, Klingbeil stated at a press conference in Banff.

On Thursday, German Finance Minister Lars Klingbeil emphasized the unwavering support of the Group of Seven advanced economies for Ukraine.

In a press conference held in Banff, Klingbeil highlighted that the G7 is prepared to issue a joint statement backing Ukraine in its ongoing conflict with Russia.

Further penalties might be on the horizon for Russia if it continues to shun meaningful talks with Ukraine, Klingbeil warned.

(With inputs from agencies.)