Published by maria gbaf
Posted on February 15, 2022
1 min readLast updated: February 9, 2026
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BERLIN (Reuters) – The Finance Ministers of the G7 group of large western economies on Monday warned Russia of “massive” economic consequences if it chose to invade Ukraine, to whose economy they also promised swift and decisive support.
BERLIN (Reuters) – The Finance Ministers of the G7 group of large western economies on Monday warned Russia of “massive” economic consequences if it chose to invade Ukraine, to whose economy they also promised swift and decisive support.
“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,” they wrote in a joint statement.
“Any further military aggression by Russia against Ukraine will be met with a swift, coordinated and forceful response,” they added. “We are prepared to collectively impose economic and financial sanctions which will have massive and immediate consequences on the Russian economy.”
(Reporting by Thomas Escritt; Editing by Maria Sheahan)
Financial markets are platforms where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives. They play a crucial role in the economy by facilitating capital flow.
Economic consequences refer to the effects that an event or policy has on the economy, which can include changes in growth rates, employment levels, inflation, and overall economic stability.
International organizations are entities established by multiple countries to promote cooperation and coordination on issues such as trade, security, and economic development. Examples include the United Nations and the World Bank.
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