G7 threatens more sanctions on Russia over Ukraine crisis

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BRUSSELS – Group of seven (G7) leaders on Thursday urged Russia to complete its troop withdrawal from Ukrainian , saying they stood to intensify targeted sanctions against Russia.

group of industrialised welcomed 25 election and Petro Poroshenko’s election as ’s new president, according to a statement issued after the first day meeting of the G7 .

“We commend the willingness of the Ukrainian authorities to continue the national dialogue an inclusive manner,’’ the statement said.

The G7 countries urged Russia to recognise the results of the Ukrainian election, complete the withdrawal of its troops from the Ukrainian and stop the flow of and militants across the .

“We stand to intensify targeted sanctions and to implement significant additional restrictive measures to impose further costs on Russia should events so require,’’ the statement said.

A G8 had been scheduled to take place Russia’s Sochi early June under the Russian presidency.

The G7 leaders, however, decided to meet in Brussels in the G7 format following the expulsion of Russia in March after the Crimean peninsula joined Russia after a controversial .

Ukrainian authorities and some Western countries denounced the as “illegal.’’

The United States and the EU have initiated rounds of sanctions on Russian individuals and entities connected to the .

Apart from the situation in , the leaders of Canada, France, , , Japan, Britain, the United States as well as the EU also discussed the , energy, climate change and development. (Xinhua/NAN)