New sanctions against Russia will depend on its 'good-faith efforts' to end Ukraine war - G7 statement
Photo: G7 stressed commitment to achieving lasting peace in Ukraine (Getty Images)
On Saturday, the G7 foreign ministers agreed to continue joint efforts to achieve a solid peace agreement for Ukraine with reliable security guarantees. The parties linked future sanctions against Russia to "good-faith efforts" by Moscow, reports Reuters.
A statement issued after a meeting on the sidelines of the Munich Security Conference, attended by US Secretary of State Marco Rubio, says that any new sanctions against Russia starting in February would be tied to its genuine efforts to end the war in Ukraine.
"Any new, additional sanctions after February should be linked to whether the Russian Federation enters into real, good-faith efforts to bring an enduring end to the war against Ukraine that provides Ukraine with long-term security and stability as a sovereign, independent country," the statement says.
The G7 countries - France, Germany, Italy, Canada, Japan, UK - and the EU also stressed their commitment to working together to achieve lasting peace and the need to develop reliable security guarantees to ensure that the war does not start again.
As a reminder, European Commission spokesperson Paula Pinho said recently that the EU was preparing new sanctions against Russia in the energy sector, despite the plans and intentions of the United States. These measures will concern the import of fossil fuels.
