U.S., Allies Impose New Sanctions On Russia At G7 Summit
U.S., Allies Impose New Sanctions On Russia At G7 Summit
The Group of Seven (G7) nations have agreed on a new package of sanctions against Russia aimed at further isolating Moscow from the global economy and limiting its access to key military technology, according to a senior Biden administration official.
President Joe Biden and other leaders will announce the new measures in a joint statement Thursday on the first day of the G7 summit in Japan, a show of unity from the international coalition backing Ukraine in the war with Russia.
“All G7 members are preparing to implement new sanctions and export controls” on Russia, the official said.
The measures will “further disrupt Russia’s ability to source” imports for its war effort, the official said, and close loopholes on existing sanctions that allow some countries and companies to continue trading banned goods with Moscow.
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