G7 and EU to impose new sanctions on Russian energy and trade.

1 min read
Source: Reuters
G7 and EU to impose new sanctions on Russian energy and trade.
Photo: Reuters
TL;DR Summary

The G7 leaders plan to announce new measures to tighten sanctions on Russia at their summit in Japan this week, targeting sanctions evasion involving third countries, and seeking to undermine Russia's future energy production and curb trade that supports Russia's military. The US officials also expect G7 members to agree to adjust their approach to sanctions so that, at least for certain categories of goods, all exports are automatically banned unless they are on a list of approved items. The exact areas where these new rules would apply are still being discussed.

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