G-7 ministers warn Russia of 'massive' economic consequences of Ukraine attack
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A Ukrainian Marine at a front line position in Donetsk, Ukraine, on Feb 9, 2022.
PHOTO: NYTIMES
BERLIN (REUTERS) - The Finance Ministers of the G-7 group of large western economies on Monday (Feb 14) warned Russia of "massive" economic consequences if it chose to invade Ukraine, to whose economy they also promised swift and decisive support.
"The ongoing Russian military build-up at Ukraine's borders is a cause for grave concern. We, the G-7 Finance Ministers, underline our readiness to act swiftly and decisively to support the Ukrainian economy," they wrote in a joint statement.
"Any further military aggression by Russia against Ukraine will be met with a swift, coordinated and forceful response,"they added.
"We are prepared to collectively impose economic and financial sanctions which will have massive and immediate consequences on the Russian economy."
