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G7 finance ministers to discuss more Russia sanctions

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BENGALURU: Group of Seven finance ministers were due to discuss on Thursday (Feb 23) possible fresh sanctions against Moscow and more support for Ukraine, a day ahead of the first anniversary of the Russian invasion. The measures imposed have so far succeeded in practically halving Russia's oil revenues, F

BENGALURU: Group of Seven finance ministers were due to discuss on Thursday possible fresh sanctions against Moscow and more support for Ukraine, a day ahead of the first anniversary of the Russian invasion.

He said the meeting involving US Treasury Secretary Janet Yellen should also discuss a fresh US$16 billion International Monetary Fund package for Ukraine over four years. It comes ahead of a gathering of G20 finance chiefs and central bank heads on Friday and Saturday in Bengaluru to discuss the dire economic effects of the war and possible debt relief for poorer nations.

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