US imposes sweeping new sanctions on Russian economy ahead of G7 summit
President Joe Biden will arrive at the G7 summit in Italy with over 300 new sanctions aimed at further isolating and financially weakening Russia.
The measures are “guided by G7 commitments to intensify the pressure on Russia,” according to the US Department of Treasury, and they mark the latest move to limit the Kremlin’s revenues and hamper Moscow’s ability to source materials for its war in Ukraine.