G-7 Nations Said to Oppose New World Bank Russia Projects

Group of Seven countries will vote against new World Bank projects in Russia to punish Vladimir Putin’s regime, according to three government officials with knowledge of the agreement.

The action, which puts at least $1.5 billion of contemplated World Bank projects in Russia at risk, was decided by deputy finance ministers from the G-7 during a conference call last week, according to two of the officials, who spoke on the condition of anonymity because the call wasn’t public.