G-20 to Discuss Impact of Ukraine Crisis on Global Economy

Washington — Group of 20 finance chiefs kicked off Thursday a two-day meeting in Washington where they are likely to discuss how to prevent the Ukraine crisis and a possible downturn in Russia’s economy from dragging down global economic growth.

Ahead of the G-20 gathering, the Group of Seven countries — Britain, Canada, France, Germany, Italy, Japan and the United States — also got together and exchanged views on “the situation in Ukraine, its financing needs and the international response,” the G-7 said in a statement.

Earlier Thursday, U.S. Treasury Secretary Jack Lew told Russian Finance Minister Anton Siluanov during bilateral talks that Washington is “prepared to impose additional significant sanctions” on Moscow if Russia escalates its involvement in Ukraine, the U.S. Treasury Department said. By Tomoyuki Tachikawa (PNA/Kyodo)

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