Finance Ministers Release Statement On Ukraine, Threaten Major Sanctions

G7 finance ministers have releaseda joint statement, delcaring that, "The ongoing Russian military build-up at Ukraine’s borders is a cause for grave concern. We, the G7 Finance Ministers, underline our readiness to act swiftly and decisively to support the Ukrainian economy, while also supporting the ongoing efforts to urgently identify a diplomatic path towards de-escalation."

• "Our immediate priority is to support efforts to de-escalate the situation. However, we reiterate that in particular any further military aggression by Russia against Ukraine will be met with a swift, coordinated and forceful response. We are prepared to collectively impose economic and financial sanctions which will have massive and immediate consequences on the Russian economy."
• Statement comes as concerns over a Russian invasion of Ukraine reach fever-pitch. Massed Russian forces on Ukraine's borders viewed as being able to launch an incursion at any point given supply lines and stocks of fuel, medical equipment etc. established among deployed troops.