G7 and US Allies Discuss Near-Total Export Ban on Russia, Kremlin Monitoring Situation.

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Source: Reuters
G7 and US Allies Discuss Near-Total Export Ban on Russia, Kremlin Monitoring Situation.
Photo: Reuters
TL;DR Summary

The Kremlin is monitoring reports of a possible ban on exports to Russia by Western countries and warns that new sanctions would damage the global economy. The G7 countries are considering a near-total ban on exports to Russia, and the US and Ukraine's allies are considering an outright ban on most exports to Russia. Russia has been hit by successive waves of Western sanctions since it invaded Ukraine in February 2022.

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