G7 Summit Results in New Sanctions Against Russia Over Ukraine War

The G7 countries, including the US, are set to announce new sanctions and export controls targeting Russia over its war against Ukraine. The measures are aimed at disrupting Russia's ability to get materials it needs for the battlefield, close loopholes used to evade sanctions, further reduce international reliance on Russian energy, and narrow Moscow's access to the international financial system. The latest US sanctions package will include extensively restricting categories of goods key to the battlefield, preventing some 70 entities from Russia and third countries from receiving US exports, and announcing some 300 new sanctions against individuals, entities, vessels, and aircraft targeting "financial facilitators", Russia's future energy extracting capabilities, and others across Europe, the Middle East, and Asia helping to support the war.