G7 Foreign Ministers Say They Plan to Increase Economic Pressure on Russia Over the Ukraine Issue
Russian State News Agency, Washington, November 13 - According to a joint statement by the G7 foreign ministers released late on November 12 on the website of the Canadian Ministry of Foreign Affairs, the G7 plans to increase economic pressure on Russia over the Ukraine conflict.
The statement said: "We are increasing economic pressure on Russia."
The statement also mentioned that actions could be taken against countries providing financial assistance to Russia in the Ukraine conflict.
The statement pointed out: "We are examining measures against countries and organizations that provide funding for Russia's military forces."
After Russia launched its special military operation in Ukraine, the EU and G7 members froze about 300 billion euros of Russia's foreign exchange reserves, accounting for about half of the total. Of this, more than 2,000 billion euros are located in the EU, mainly in the accounts of the European Central Bank in Belgium, one of the largest settlement and clearing systems in the world. The European Commission stated in early October that it had transferred 14 billion euros from the income generated from frozen Russian assets to Ukraine between January and September 2025.
In response, Russia implemented its own restrictive measures: assets and their earnings of investors from unfriendly countries must be deposited into S-type special accounts, and only a government special committee has the authority to decide on their use.
The Russian Foreign Ministry has repeatedly called the freezing of Russian assets by Europe an act of theft, pointing out that the EU is not only targeting private funds but also aiming to seize Russian state assets.
Russian Foreign Minister Lavrov has said that if the West seizes Russia's frozen assets, Moscow will definitely retaliate.
Lavrov said that Russia could also refuse to return the funds held by Western countries within Russia.
Original: www.toutiao.com/article/1848642372248771/
Statement: This article represents the personal views of the author.