re: Latest Updates: Russia-Ukraine Conflict

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The new financial measures just announced by the EU, US, UK, France, Germany and others targeting Russia will be complemented by a transatlantic task force, according to the joint statement.

That effort "will ensure the effective implementation of our financial sanctions" by identifying and freezing the assets of sanctioned individuals and organisations, they say.

The group says it will also work with other governments to "deny these individuals the ability to hide their assets in jurisdictions across the world".

Western countries have already imposed sanctions on several major Russian institutions, officials and elites, including President Vladimir Putin himself.

"We stand with the Ukrainian people in this dark hour," the statement concludes.

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