While condemning Russia for invading Ukraine, the group of seven leading democratic industrial nations which includes the NATO states USA, Canada, France, Great Britain, Italy, and Germany as well as Japan have announced further support for Ukraine.
The heads of government of the G7 countries had previously spoken to Ukrainian President Volodymyr Zelensky in a switching conference. Germany currently holds the G7 presidency
The G7 countries noted that they are appalled by the massive loss of life, the attack on human rights, and the destruction caused by Russia’s actions in Ukraine.
The White House announced that all G7 countries committed to phase out or ban imports of Russian oil.
In addition, sanctions would be imposed on managers of the largest and third largest Russian banks, Sberbank and Gazprombank. “The message is that if Putin’s invasion continues, there will be no safe haven for the Russian economy.”
According to The White House: “Our unprecedented sanctions are already taking an immense toll on Russia’s economy. The export controls would cut off Russia from important technology. Putin’s war is expected to undo the economic gains of the past 15 years in Russia. Two important Russian tank factories stopped work because they lacked foreign components. Almost 1000 companies left Russia. Putin did not achieve his original military goal of dominating Ukraine – but he managed to make Russia a global pariah.”
OTHER WORLD NEWS SUMMARY
The UN Secretary General Antonio Guterres said that Moldovia needs and deserves massive support because it has received most of the refugees from Ukraine.
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