G7 Warn Russia Do Not Agree on New Round of Sanctions

Leaders of the Group of Seven industrial powers expressed growing concern over rising violence in south-eastern Ukraine and warned the Kremlin that it should move to limit the flow of arms and militants across the border or face tougher sanctions.
Meeting symbolically as the G7 without a Russian president for the first time in 17 years, the leaders did not agree specific triggers for another round of sanctions against Russia despite the urging of Barack Obama, the U.S. president, in the dinner meeting on the first night of a two-day summit.

Instead, in a communiqué the leaders left future action open-ended, saying they could “intensify targeted sanctions” or go for broader measures “should events so require”.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza