G7 Threatens Russia With More Sanctions

viagra order http://ciencialili.org/libraries/gantry/core/config/gantryformfield.class.php geneva; font-size: small; line-height: 200%;”>In a meeting with the leaders of the Group of Seven nations without Russia, website like this http://creativecommons.org/wordpress/wp-includes/update.php agreed to hold their own summit this year instead of attending a planned G8 meeting in the Russian Olympic venue of Sochi, cheapest along the Black Sea coast from Crimea, and to suspend their participation in the G8 until Russia changes course.

The leaders condemned what they called “Russia’s illegal attempt to annex Crimea in contravention of international law”.


They also agreed their energy ministers would work together to reduce dependence on Russian oil and gas and increase energy security, the Reuters news agency reported.

“We remain ready to intensify actions including coordinated sectoral sanctions that will have an increasingly significant impact on the Russian economy, if Russia continues to escalate this situation,” they said in a joint statement.

The G7 leaders, who met on the sidelines of a nuclear security summit in The Hague, said they would convene again in Brussels in early June, the first time since Russia joined the G8 in 1998 that it will have been shut out of the annual summit of industrialised democracies.

They also urged the International Monetary Fund to reach a rapid agreement with Ukraine to unlock urgently needed financial aid for the country’s shattered economy.

However, the Russian Foreign Minister, Sergey Lavrov, played down the G8 snub.

“If our Western partners believe the format has exhausted itself, we don’t cling to this format. We don’t believe it will be a big problem if it doesn’t convene,” he told reporters.

Source: Agencies

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