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
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.