Any further escalation around Ukraine will have huge consequences for the Russian Federation, including financial and economic sanctions in a wide range of sectors. This was stated in a statement by the G7 foreign ministers after their meeting in Munich today.
“As we seek diplomatic solutions to the Russia-Ukraine crisis, Moscow must have no doubt that any further military aggression against Ukraine will have huge consequences, including financial and economic sanctions against a wide range of sectors, leading to significant and unprecedented costs to the Russian economy. In this case, we will take a number of restrictive measures, “said a document from the German Foreign Ministry.
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