The finance ministers of the G7 countries took up on Tuesday the discussion of new sanctions against Russiawhich is already under a series of measures with a “massive impact” on its economy, reported the German headline.
“We have exchanged suggestions on additional measures that can be taken,” said Christian Lindner, specifying that decisions will take place “in the next few days” and that the goal is to “isolate Russia politically, economically and financially.”
Since the start of the Russian invasion of Ukraine, Western countries have enacted a series of financial sanctions against Moscow, including exclude several Russian banks from the Swift international interbank platform, crucial to the global financial system.
They also took steps to prevent the Russian central bank will support its national currency, the ruble, limiting their access to international capital markets. And they added numerous prominent Russian figures to the lists of individuals whose assets abroad were blocked.
“The restriction of the activities of the central bank of Russia has already exceeded our expectations (…), the ruble is in free fall and the war treasury of Vladimir Putin has been hit hard”, congratulated Lindner, whose country currently chairs the G7 forum (Germany, Canada, the United States, France, Italy, Japan and the United Kingdom).
“These measures have a limited impact for us, but a maximum impact for Russia,” he said. (I)
Source: Eluniverso
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