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Russia reprimanded with possible sanctions as G7 meets in Brussels
June 5, 2014 7:50 amVideo
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In the latest line of reprimands the international community has handed down to Russia, member
leaders of the G7 gathered in the city of Brussels yesterday as an intentional slight towards the
country’s role in the eastern Ukrainian crisis. Although the assembly consisted only of a formal
dinner, it served the purpose of displaying further reservations against Russia’s latest moves on
Ukraine’s eastern front.
The present G7 summit of the is being held in the place of the G8’s original Sochi summit which
Russia is a current but suspended member of. Members of the G7 include the finance ministers or
in he world including France, Germany, Italy, the United Kingdom, Canada, the United States,
Japan, and a representative from the European Union
Russian President Vladimir Putin has recently agreed to measures aimed at de-escalating violence
in the territory disputed with Ukraine. These include the withdrawal of troops along its border and
agreeing to be present during the commemoration of the second world war’s Normandy landings
alongside new elected Ukrainian President Petro Poroshenko.
These weren’t enough however, as the cynic attitude of the G7 continued to prevail stemming from
gathered information that says Putin’s promises are not being implemented as well as it should be
The North Atlantic Treaty Organization’s General Philip Breedlove claims that several large
formations are still within the vicinity of Ukraine’s borders together with indications that suggest
several of them are intending to remain.
Prior to the summit in Belgium’s capital city, German Chancellor Angela Merkel stressed that they
will not back away from imposing sanctions if Russia does not take additional steps to stop the
ongoing violence. US President Obama has been vocal in showing their displeasure with the
Moscow government saying it must cease from financing and arming the separatist rebels or else
face consequences for breaching international law.
The crisis in Ukraine is an often cited topic when discussing the volatility of several markets
especially commodities such as oil. The country is a key region for Russia where imports from the
The material has been provided by InstaForex Company – www.instaforex.com
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