G7 member-states to ban new investments to Russia

Member-states of the Group of Seven (G7) will ban all investments in Russia and will expand export and import restrictions, G7 leaders said in their statement posted on Thursday.

"We are therefore banning new investment in key sectors of the Russian economy, including the energy sector," according to the statement.

The Group of Seven will also "further extend trade export bans on advanced goods and specific services important to Russia’s security, state, and economy. We will also increase import restrictions on a range of Russia’s revenue raising exports," as indicated in the document.