Live Update 
From the Liveblog of
Tuesday, March 1, 2022
From the Liveblog of
Tuesday, March 1, 2022
G7 weighing more Russia sanctions, says measures have had ‘massive impact’
Western sanctions against Russia are having a significant impact on its economy, Germany’s finance minister says, as the G7 mulls further punitive measures in response to Moscow’s invasion of Ukraine.
Sanctions have “already had a massive impact on capital markets and the currency,” says Christian Lindner, whose country holds the rotating presidency of the G7 club of wealthy nations.
G7 finance ministers at the meeting “exchanged suggestions for further measures that could be taken,” Lindner tells a press conference, adding that a decision on the proposals will be made in the coming days.
