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World

G7 foreign ministers vow to continue economic pressure on Russia

WEISSENHAUS: Group of Seven foreign ministers vowed on Saturday to reinforce Russia’s economic and political...
Updated 14 May, 2022

WEISSENHAUS: Group of Seven foreign ministers vowed on Saturday to reinforce Russia's economic and political isolation, continue supplying weapons to Ukraine and work to ease global food shortages stemming from the war.

After meeting at a 400-year-old castle estate in the Baltic Sea resort of Weissenhaus, senior diplomats from Britain, Canada, Germany, France, Italy, Japan, the United States and the European Union also pledged to continue their military and defence assistance for "as long as necessary".

They would also tackle what they called Russian misinformation aimed at blaming the West for food supply issues around the world due to economic sanctions on Moscow and urged China to not assist Moscow or justify Russia's war, according to a joint statement.

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Key to putting more pressure on Russia is to ban or phase out buying Russian oil with EU member states expected next week to reach an agreement on the issue even if it remains opposed by Hungary.

"We will expedite our efforts to reduce and end reliance on Russian energy supplies and as quickly as possible, building on g7 commitments to phase out or ban imports of Russian coal and oil," the statement said.

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