The G7 countries will prevent attempts to use foreign branches of Russian banks to circumvent sanctions
The G7 countries will stop attempts to use foreign branches of Russian banks to circumvent sanctions imposed on the Russian financial system. This is stated in the G7 joint statement.
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The “Big Seven” promises to take additional steps, the essence of which is not disclosed in the document.
“We will work on further limiting Russia’s use of the international financial system to continue the war in Ukraine. We are ready to take further measures against those who deliberately support the financing of the Russian war,” the statement said.
At the same time, the G7 will coordinate actions to preserve financial channels for the implementation of fundamentally important transactions.
The Ministry of Finance also wrote that the G7 countries decided not to introduce an almost complete ban on exports to Russia, but instead to expand existing restrictions on the supply of key goods.
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Source: Ministry of Finance