G7 leaders announce substantial new sanctions on Russia.

The G-7 leaders are expected to announce a fresh batch of export controls and sanctions against Russia to economically isolate the country and weaken its ability to wage war in Ukraine. The measures will include adding 70 entities to the US commerce blacklist and more than 300 new sanctions against individuals, entities, vessels, and aircraft. The UK has also imposed more sanctions on Russia, including a ban on Russian diamonds and imports of Russian-origin copper, aluminum, and nickel. However, experts believe that these measures are unlikely to make a significant impact on Russia's economy and its ability to operate on a day-to-day basis.