WASHINGTON: The Group of Seven finance ministers and central bank governors Tuesday agreed on the need to implement sanctions on Russia over its invasion of Ukraine in a coordinated way, Japanese Finance Minister Shunichi Suzuki said in Tokyo.
The G-7 officials, meeting virtually, confirmed their countries’ solidarity with the government and people of Ukraine. They were joined by the Ukrainian finance minister in their discussions.
G-7 leaders unveiled plans Sunday to cut some Russian banks off from the SWIFT global payment network and limit the Russian central bank’s use of foreign exchange reserves. Japan, the United States and Europe imposed restrictions on transactions with the Russian central bank.