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G7 warn Russia of new sanctions if no ceasefire agreed

  • The G7 nations signaled that they may expand sanctions on Russia if a ceasefire is not agreed upon, as reported in a statement following their meeting in Canada.
  • While Ukraine accepted a 30-day ceasefire proposal, Russia has not committed, as noted in discussions among G7 foreign ministers in Canada.
  • G7 members, including Canada and the United States, are considering tighter restrictions on Russian oil exports and repurposing frozen state assets for Ukraine's benefit.
  • Marco Rubio stated that the negotiations include difficult challenges, with Canada’s Mélanie Joly saying the ball is now in Russia's court for a ceasefire agreement.
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Business Times broke the news in on Friday, March 14, 2025.
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