G7 weighs additional sanctions on Russia if ceasefire deal with Ukraine falters

The foreign ministers of the G7 countries met in Canada to discuss the possibility of imposing additional sanctions on Russia if it refuses to agree to a ceasefire with Ukraine.

Report informs via Interfax that G7 foreign ministers called on Russia to agree to a ceasefire and fully implement it. They also discussed the option of introducing further measures against Russia if the ceasefire is not upheld. These included additional sanctions, a cap on oil prices, further support for Ukraine, and other possible actions.

Among the potential measures, the ministers also discussed the use of revenues from Russia's frozen assets.