CNN: G7 foreign ministers to impose economic costs on Russia for annexation of Ukrainian oblasts
The G7 foreign ministers of the U.S., Canada, France, Germany, Italy, the U.K., Japan, and the EU High Representative said they will “never recognize these purported annexations, nor the sham ‘referenda’ conducted at gunpoint,” reports CNN. The joint statement said new economic costs will be imposed on those who provide “political or economic support” to Russia’s recent actions.