G7 countries developing new sanctions against Russia
Morocco hosts the annual meetings of the International Monetary Fund and the World Bank. Finance ministers and central bank governors of the Group of Seven countries pledge to continue their efforts to ensure that Russia pays for Ukraine’s long-term recovery.
This is stated in the press service of the European Commission, Censor.NET reports.
"We reaffirm our unwavering determination to impose and enforce sanctions and other economic measures to further undermine Russia's ability to wage an illegal and unjustified war of aggression," the press release said.
In addition, Western politicians also pledged to make efforts to help meet Ukraine's financing needs for 2024. They also confirmed that Russian sovereign assets in their jurisdictions will remain frozen until Russia compensates Ukraine.
