(Adds comments on discussions at G7 meeting)
WASHINGTON, April 11 A group of the world's
leading rich nations will support increasing sanctions against
Russia if Moscow escalates the crisis in Ukraine, U.S. Treasury
Secretary Jack Lew said on Friday.
"There is broad and strong unity within the G7 on increasing
sanctions and costs in response to escalating action from
Russia," Lew said at a news conference, referring to the Group
of Seven industrial nations.
The G7 includes the United States, Canada, France, Germany,
Italy, Japan and Great Britain. Top officials from the group met
in Washington on Thursday and discussed the situation in Ukraine
at length, Lew said.
"In a discussion that went on for quite a long time in the
room, there was no dissent in the room that it was essential
that there be unity in taking action if necessary," he said.
Finance ministers and central bankers from around the world
are in Washington for the spring meetings of the International
The United States and Europe have enacted sanctions against
Russia in response to Moscow's annexation of Crimea, which until
recently was part of Ukraine.
(Reporting by Jason Lange; Editing by Sandra Maler)