Sanctions against Russia and what the G7 may do to fortify them
HIROSHIMA, Japan — The Group of Seven advanced economies are expected to announce a new set of sanctions against Russia to try to further hinder its war effort in Ukraine during their summit in Hiroshima, Japan. On Friday, the United Kingdom announced new sanctions targeting Russian seizures of Ukrainian grain, advanced military technology and Moscow’s remaining revenue sources. On Friday, the Department of State announced new sanctions on more than 200 entities, individuals, vessels and aircraft, targeting Russia’s energy, military, technology, and metals and mining sectors. A top Treasury Department official said U.S. sanctions and export controls have degraded Russia’s ability to replace more than 9,000 pieces of military equipment lost in the war. Russia’s exports to China, India and Turkey have surged since sanctions were imposed following the invasion of Ukraine, while those to Western countries and their allies Japan and South Korea have fallen sharply.
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