G7 finance ministers warn Russia of 'massive consequences' if Moscow invades Ukraine

“ ongoing Russian military build-up at Ukraine’s borders is a cause for grave concern,” re a joint statement from Group of Seven (G7) Finance Ministers on Monday, February 14 as y hurled urgency of dealing with crisis. arrangement pushed for efforts to identify a diplomatic path towards de-escalation of tensions, as it called for countries involved in drafting a resolution “to act swiftly and decisively”. 

“We are united in our resolve to protect sovereignty, territorial integrity as well as ecomic and financial stability of Ukraine,” joint statement from G7 re, ding that efforts must be me to support Ukrainian ecomy in an event of an armed conflict. 

G7 nations and international financial institutions, particularly International Monetary Fund (IMF) through its 2020 Stand-by Arrangement are focused on providing significant financial support to Ukraine, said foreign ministers. Foreign ministers from United States, Britain, and rest of G7, were earlier joined by European Union’s foreign affairs chief to discuss Ukraine’s security as Russia massed troops on frontier.

'Use of force to change borders strictly prohibited': G7 warns Russia 

“We are united in our condemnation of Russia’s military buildup and aggressive rhetoric towards Ukraine,” y h asserted in a joint statement. G7 h also asked Russia to “de-escalate, pursue diplomatic channels, and abide by its international commitments on transparency of military activities,” and h, at same time, lauded Ukrainian military’s “restraint.”

“Any use of force to change borders is strictly prohibited under international law. Russia should be in doubt that furr military aggression against Ukraine would have massive consequences and severe cost in response,” G7 foreign ministers h asserted. 

In a joint statement on Monday, G7 FMs ted that y have been coordinating closely to ensure that Ukraine receives ecomic support. “Since 2014 until w, combined bilateral and multilateral ecomic support has exceeded 48 billion US dollars,” group ministers informed. 

“Our immediate priority is to support efforts to de-escalate situation. However, we reiterate that in particular any furr military aggression by Russia against Ukraine will be met with a swift, coordinated, and forceful response,” G7 foreign ministers warned Russia in a joint statement.