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G-7 to Keep Next Russia Sanctions on Hold, Urge Dialogue

Group of Seven leaders are poised to spare Russia further sanctions for now, giving the Kremlin another chance to cut off support to the pro-Moscow separatists seeking to break up Ukraine.

The world’s leading industrial democracies will urge Russia to “accelerate” the withdrawal of its troops from Ukraine’s border and warn that “we stand ready to intensify targeted sanctions” in the absence of a peaceful settlement, according to a draft text obtained by Bloomberg News before a two-day G-7 meeting in Brussels.