G7 finance officials concluded a meeting in the Canadian Rockies, threatening new sanctions against Russia unless a ceasefire in Ukraine is achieved. They expressed their commitment to holding nations accountable that finance the war, with Canada’s Finance Minister highlighting this as a crucial pillar of their strategy. While affirming unity, the G7 refrained from directly naming countries like China accused of supporting Russia. The group stated that Russia's assets will remain blocked until it ends the war and compensates Ukraine for damages, although internal differences, particularly regarding Trump’s tariffs, surfaced in discussions.
The G7 nations have made it clear that if Russia fails to agree to a ceasefire, they will impose further sanctions to increase pressure on Moscow.
Canada's Finance Minister emphasized that the commitment to prevent countries financing the war from benefiting from Ukraine's reconstruction is a key pillar of G7's strategy.
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