WASHINGTON (MarketWatch) — Finance ministers and central bankers from the Group of Seven major industrial nations met briefly and informally Thursday on the sidelines of the International Monetary Fund and World Bank spring meetings to discuss the international response to the Ukraine crisis, officials said in a statement. Reports said the G-7 was discussing possible steps to take if Russia moved to annex more of eastern Ukraine. U.S. Treasury Secretary Jacob Lew said earlier in the week that additional sanctions were prepared in case Russia escalated the crisis. Lew met earlier Thursday with Russian Finance Minister Anton Siluanov and repeated this warning in person, a Treasury spokesperson said. The IMF is working on an $18 billion loan program for Ukraine that could be completed in early May. The White House said that President Barack Obama spoke earlier to German Chancellor Angela Merkel about the tense situation in Ukraine
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