The G7 leaders have agreed to impose additional sanctions on Russia over its role in the Ukraine crisis but continued to urge Moscow to work towards a diplomatic solution.
We have now agreed that we will move swiftly to impose additional sanctions on Russia.
Given the urgency of securing the opportunity for a successful and peaceful democratic vote next month in Ukraine's presidential elections, we have committed to act urgently to intensify targeted sanctions and measures to increase the costs of Russia's actions.
– G7 leaders statement on Ukraine
Russia's actions in Ukraine and the response from the international community already have imposed significant costs on its economy.
While we continue to prepare to move to broader, coordinated sanctions, including sectoral measures should circumstances warrant, as we committed to in The Hague on March 24, we underscore that the door remains open to a diplomatic resolution of this crisis, on the basis of the Geneva accord. We urge Russia to join us in committing to that path.