G7 ready to impose sanctions on Russia

G7 or the group of seven major economies in the world is set to impose agreed sanctions against Russia. This will be followed by the US' appropriate measures, which could be out as early as Monday.

G7 warns Russia

The sanctions to be implemented are aimed at punishing Russia for failing to fulfill an international agreement to cooperate in toning down the crisis in Ukraine.

The G7 leaders informed Russia that there is still room to discuss diplomatic options to address the current crisis. G7 urged Russia to abide by the Geneva agreement.

The US and EU countries warned Russia - every wrong move could mean coordinated sanctions.

US Deputy National Security Advisor for Strategic Communication Ben Rhodes said:
Everybody understood that if Russian troops on the border invade Ukraine then sector sanctions will be a response. We need to have a spectrum of sanctions we can impose

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