In a joint statement following a meeting in Niigata, Japan, finance ministers and central bank governors from the Group of Seven (G7) nations expressed their commitment to countering any attempts by Russia to evade sanctions imposed over the situation surrounding Ukraine, republicworld.com reports.
The G7 countries also pledged to provide ongoing support to Ukraine as long as it is needed.
The statement, issued on Saturday, emphasised the G7's determination to strengthen coordination in monitoring cross-border transactions between Russia and other countries, as per a report from TASS.
They also expressed their intention to take further action aimed at the Russian financial sector if necessary.
Additionally, the effectiveness of price caps on Russian crude oil and petroleum products will be closely monitored to ensure they achieve their intended objectives, with appropriate enforcement actions to be taken when required.
