US Treasury Secretary Janet Yellen says sanctions are hurting Russia badly, as she and other G7 finance chiefs gather to discuss further measures on the eve of the first anniversary of the Ukraine invasion. "The way I see it, our sanctions have had a very significant negative effect on Russia so far. While by some measures the Russian economy has held up better than might initially have been expected, Russia is now running a significant budget deficit," Yellen says ahead of a Group of 20 meeting in India. SOUNDBITE