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The Group of Seven (G7) and EU leaders meet in NATO headquarters to strengthen further cooperation against Putin’s war in Ukraine

The Group of 7 (G7) and European Union leaders met in Belgium, in NATO headquarters for the NATO summit. The summit’s purpose was to agree upon the ramping up of military efforts and forces in the Eastern Europe area. The leaders that attended the summit announced their full commitment to completely implement sanctions already published, cooperate with other governments to enforce similar measures and prevent efforts to evade, circumvent and backfill imposed measures that could undermine the effectiveness of already imposed sanctions. Within the joint statement, among other things, the leaders announced their joint plan to address evasive measures in several sectors. An example of such sector regards gold transactions carried out by the Russian Central Bank. More information on the meeting held on March 24th 2022 can be found here.