5 minutes agoG7: Sanctions against Russia are having a massive impact
Periskopi(4 years ago)
(4 years ago)Western sanctions against Russia are having a major impact on the Russian economy, German Finance Minister said on Tuesday, as the group of the seven most industrialized countries (G7) are considering other measures on Russia following the start of the invasion of Ukraine. The “tam sanctions have had a massive impact on capital markets and on the currency”, [...]
Sanctions <x0thm have had a massive impact on capital markets and on the currency”, said German Minister Christian Lindner, whose state has the presidency of G7.
G7 ministers are meeting to replace suggestions for further measures that can be taken”, Linder said, adding that the decision for the submitted proposals would be made in the coming days.
The aim of sanctions is to replace Russia politically, financially and economically “, Linder said.
“We must continue with apparent stronger sanctions against Putin's backers”, Linder told the German daily Handelsblatt.
The new measures could target <x0oligarks that have sent their children to English private schools, which have homes at Cote d'Azur and make Pazar at Kurfuerstendam” in Berlin, while their “s will be identified and raised”, he said.
Since the start of the invasion of Ukraine on February 24th, Western states have imposed sanctions on Moscow, including the expulsion of a host of Russian banks from the SWIFT payment system.
By contrast, the United States, France, Italy, Japan, Britain, Canada, and Germany are part of the G7. / REL
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