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G7 finance ministers warn Moscow of “massive” economic consequences to Ukraine attack -Breaking

by Mike Robinson

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BERLIN (Reuters), – Monday’s warning by the G7 finance ministers that Russia would face “massive economic consequences” if it invades Ukraine was made by the Finance Ministers of G7, a group of major western economies. They also pledged swift and decisive assistance to Ukraine.

“The ongoing Russian military build-up at Ukraine’s borders is a cause for grave concern. In a joint statement, they stated that the G7 Finance Ministers have affirmed their readiness to swiftly and decisively support Ukraine’s economy.

The Russians will respond to any military aggression that they may continue against Ukraine with swift, coordinated and powerful measures. We are ready to implement economic and financial sanctions collectively that will immediately have devastating effects on Russia’s economy.

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