G7 to 'maximize pressure' on Russia if it resists Ukraine ceasefire

G7 finance ministers agreed Thursday to "maximize pressure" on Russia, including through further sanctions, if it resists efforts towards a ceasefire in Ukraine.

"If such a ceasefire is not agreed, we will continue to explore all possible options, including options to maximize pressure such as further ramping up sanctions," a final communique following the group's meeting in Canada said.