{"id":160547,"date":"2022-03-11T20:46:31","date_gmt":"2022-03-11T19:46:31","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=160547"},"modified":"2022-03-11T20:46:31","modified_gmt":"2022-03-11T19:46:31","slug":"g7-countries-to-impose-further-sanctions-on-russia","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/03\/11\/g7-countries-to-impose-further-sanctions-on-russia\/","title":{"rendered":"G7 countries to impose further sanctions on Russia"},"content":{"rendered":"<p>The G7 leaders and the European Union have agreed to further impose economic sanctions on Russia for invading Ukraine.<\/p>\n<p><span data-preserver-spaces=\"true\">The G7 countries include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.\u00a0<\/span><\/p>\n<p>This was contained in a statement released on Friday by the White House.<\/p>\n<p>According to the White House,<span data-preserver-spaces=\"true\">\u00a0this would further isolate Russia from the global financial system.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The US and its western allies had sanctioned <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/11\/russia-ukraine-war-were-fighting-a-stubborn-enemy-zelenskyy\/\">Russia<\/a> severely after it invaded Ukraine.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last month, they removed \u201cselected\u201d Russian banks from the SWIFT international payment system.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These sanctions are expected to affect the Russian economy and the global economy.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to the statement, each partner would implement actions consistent with their national processes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThese actions will collectively ramp up pressure on Putin and build on the unprecedented package of economic sanctions and export controls the United States, and over 30 countries have already imposed on Russia,\u201d the statement reads.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It added that President Joe Biden would work closely with Congress to deny Russia the benefits of its World Trade Organisation (WTO) membership and ensure that Russian imports do not receive \u201cmost favoured nation\u201d treatment in its economy.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe United States Congress has demonstrated bipartisan leadership to revoke Permanent Normal Trade Relations for Russia, and President Biden looks forward to signing a bill into law,\u201d the statement reads.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cTogether with similar actions by the G7, following our respective national processes, this collective action by more than half of the global economy will deliver another serious economic blow to Russia.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to the statement, the G7 leaders said they would deny Russia the borrowing privileges at multilateral financial institutions.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe G7 Leaders will agree to ensure Russia cannot obtain financing from the leading multilateral financial institutions, such as the International Monetary Fund and the World Bank. Russia cannot grossly violate international law and expect to benefit from being part of the international economic order,\u201d it said.\u00a0<\/span><\/p>\n<p>Recall that\u00a0<span data-preserver-spaces=\"true\">Vladimir Putin had stated that\u00a0<\/span><span data-preserver-spaces=\"true\">the sanctions imposed on Russia by western countries over the invasion of Ukraine are like a declaration of war.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The G7 leaders and the European Union have agreed to further impose economic sanctions on Russia for invading Ukraine. The G7 countries include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.\u00a0 This was contained in a statement released on Friday by the White House. According to the White House,\u00a0this would further [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":160550,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[12962,31016,14029,2162,916],"class_list":["post-160547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-g7-countries","tag-russia-ukraine-war","tag-sanctions","tag-united-kingdom","tag-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>G7 countries to impose further sanctions on Russia<\/title>\n<meta name=\"description\" content=\"The G7 leaders and the European Union have agreed to further impose economic sanctions on Russia for invading Ukraine.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/11\/g7-countries-to-impose-further-sanctions-on-russia\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G7 countries to impose further sanctions on Russia\" \/>\n<meta property=\"og:description\" content=\"The G7 leaders and the European Union have agreed to further impose economic sanctions on Russia for invading Ukraine. 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