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Group of Seven may step up sanctions against Russia over Ukraine

March 25, 2014, 4:24 UTC+3 THE HAGUE
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THE HAGUE, March 25. /ITAR-TASS/. Group of Seven countries - Britain, Canada, France, Germany, Japan, Italy, and the U.S. - may step up sanctions against Russia in case of escalation of the conflict around Ukraine, says a statement the group issued upon the end of an informal summit in The Hague.

The statement mentions, among other things, a possible adoption of coordinated sanctions against separate sectors of the Russian economy which, in the opinion of the seven countries’ leaders, will inflict considerable damage on the Russian economy.

It also says the G7 will hold the July summit in Brussels, not in Sochi, and Russia will not take part in it.

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