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Ukraine conflict: Russia faces more sanctions, warns G7 | Ukraine conflict: Russia faces more sanctions, warns G7 |
(35 minutes later) | |
G7 leaders say Russia will face further economic sanctions if it continues to support rebels in Ukraine. | G7 leaders say Russia will face further economic sanctions if it continues to support rebels in Ukraine. |
In a statement on Wednesday, the group said Russia had undermined "Ukraine's sovereignty, territorial integrity and independence." | In a statement on Wednesday, the group said Russia had undermined "Ukraine's sovereignty, territorial integrity and independence." |
The warning came after the EU added eight more Russians to its sanctions. | The warning came after the EU added eight more Russians to its sanctions. |
Earlier, Russia described new US and EU sanctions as "destructive and short-sighted", and said they would lead to higher energy prices in Europe. | Earlier, Russia described new US and EU sanctions as "destructive and short-sighted", and said they would lead to higher energy prices in Europe. |
The G7 group of economic powers includes the United States, Canada, France, Germany, Italy, Japan and Britain. | The G7 group of economic powers includes the United States, Canada, France, Germany, Italy, Japan and Britain. |
Its leaders said Russia could still "choose the path of de-escalation," but warned President Putin that he would face greater economic costs if he continued to back Ukrainian separatists. | Its leaders said Russia could still "choose the path of de-escalation," but warned President Putin that he would face greater economic costs if he continued to back Ukrainian separatists. |
They also called on all sides to establish a ceasefire at the crash site of the Malaysian Airlines jet that was shot down on 17 July in eastern Ukraine. | They also called on all sides to establish a ceasefire at the crash site of the Malaysian Airlines jet that was shot down on 17 July in eastern Ukraine. |
Russia has come under increased pressure to end its support for the rebels, who Western governments believe were behind the downing of MH17, killing all 298 people on board. | Russia has come under increased pressure to end its support for the rebels, who Western governments believe were behind the downing of MH17, killing all 298 people on board. |
Mr Putin has also been accused by the US and EU of supplying heavy weapons to the rebels - a charge his government has denied. | Mr Putin has also been accused by the US and EU of supplying heavy weapons to the rebels - a charge his government has denied. |
New US sanctions | |
On Tuesday, the US announced new economic sanctions against Russia, widening their scope to include three key sectors of the economy - energy, arms and finance. | On Tuesday, the US announced new economic sanctions against Russia, widening their scope to include three key sectors of the economy - energy, arms and finance. |
The EU is also expanding its sanctions, targeting the oil sector, defence equipment and sensitive technologies. | The EU is also expanding its sanctions, targeting the oil sector, defence equipment and sensitive technologies. |
Details of new EU sanctions are due to be published on Thursday. | Details of new EU sanctions are due to be published on Thursday. |
Several members of Mr Putin's inner circle are among the eight people the EU announced it was adding to sanctions on Wednesday. | |
They include Arkady Rotenberg, Mr Putin's former judo sparring partner, and Yuri Kovalchuk, chairman of the Rossiya bank and a long-standing friend of the president. | |
Russia's foreign ministry said the US sanctions would aggravate relations between the two countries, and attacked new EU restrictions as "thoughtless and irresponsible". | Russia's foreign ministry said the US sanctions would aggravate relations between the two countries, and attacked new EU restrictions as "thoughtless and irresponsible". |
In other developments in Ukraine on Wednesday: | |
Russian press reacts to sanctions | Russian press reacts to sanctions |