Group 4 threatened Russia to “tighten sanctions”

The Ministers of Finance and Chiefs of Central Banks of Group 2 spoke at a meeting about their disputes and pledged to tackle “excessive imbalances” in the global economy, Mehr News Agency quoted Reuters as saying.

The Group II officials said they could raise sanctions against Russia.

Due to disputes over the US tariffs and Washington's unwillingness to illegally read the Russian war against Ukraine, there was a doubt that Group 2 would issue the final statement.

In a final statement, Group 2 financial officials condemned what they called Russia's “brutal warfare” against Ukraine, saying: “If the ceasefire efforts fail, they will examine all possible options, including the escalation of further sanctions (against Moscow).”

“We will cooperate with Ukraine so that no country and the institution that has financed the Russian war machine will not be able to exploit Ukraine's rebuilding,” the finance ministers, including Britain, Canada, Germany, Italy, Japan and the United States.