Russia Faces Increased Sanctions Following G7 Summit

Russia Faces , Increased Sanctions , Following G7 Summit.

'Newsweek' reports that the Group of Seven (G7) has agreed to impose a new wave of sanctions on Russia.

'Newsweek' reports that the Group of Seven (G7) has agreed to impose a new wave of sanctions on Russia.

According to a senior Biden administration official, the new sanctions are meant to isolate Moscow from the global economy and restrict its access to military technology.

According to a senior Biden administration official, the new sanctions are meant to isolate Moscow from the global economy and restrict its access to military technology.

The official said the sanctions would close loopholes on existing sanctions that allow Moscow access to certain banned goods.

'Newsweek' reports that the sanctions also target Russia's energy sector and its access to the international finance system.

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According to the unnamed official, G7 leaders will also vow to keep Russian sovereign assets frozen until the war is brought to an end.

According to the unnamed official, G7 leaders will also vow to keep Russian sovereign assets frozen until the war is brought to an end.

'Newsweek' reports that Russia is facing sanctions on technology like microchips that are necessary for developing precision-guided munitions and advanced weapons.

'Newsweek' reports that Russia is facing sanctions on technology like microchips that are necessary for developing precision-guided munitions and advanced weapons.

The U.S. is expected to take a number of additional steps that target different sectors of the Russian economy and more closely align with EU and U.K. sanctions.

The U.S. is expected to take a number of additional steps that target different sectors of the Russian economy and more closely align with EU and U.K. sanctions.

Bottom line, we're upping the economic pressure on Russia, Anonymous Biden administration official, via 'Newsweek'.

The new wave of sanctions comes as Ukraine prepares for a counteroffensive aimed at reclaiming territory taken by Russia.

Meanwhile, Ukrainian President Volodymyr Zelensky has continued to call on Western allies to increase military aid for his country.

Meanwhile, Ukrainian President Volodymyr Zelensky has continued to call on Western allies to increase military aid for his country