G7 Summit Results in New Sanctions Against Russia Over Ukraine Conflict.

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Source: USA TODAY
G7 Summit Results in New Sanctions Against Russia Over Ukraine Conflict.
Photo: USA TODAY
TL;DR Summary

The US has announced a new sanctions package against Russia for its war in Ukraine, as President Joe Biden attends the G-7 Summit. The sanctions will blacklist 70 entities from receiving US exports and introduce more than 300 new sanctions on individuals, entities, vessels, and aircraft. The G-7 nations will also take steps to reduce their reliance on Russian energy sources. Biden will split his attention during the trip between global politics and a fight with Republicans over raising the debt ceiling that is simmering in the US with just days to go before a possible default on America's debt.

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