G7 leaders said they would explore far-reaching steps to cap Kremlin income from oil sales that are financing the war
eaders of the world’s wealthiest democracies struck a united stance to support Ukraine for “as long as it takes” as Russia’s invasion grinds on, and said they would explore far-reaching steps to cap Kremlin income from oil sales that are financing the war.
“We remain steadfast in our commitment to our unprecedented coordination on sanctions for as long as necessary, acting in unison at every stage,” the leaders said.Leaders also agreed on a ban on imports of Russian gold and to step up aid to countries hit with food shortages by the blockage on Ukraine grain shipments through the Black Sea.
“for as long as it takes” after conferring by video link with Ukrainian President Volodymyr Zelenskyy. Zelenskyy has openly worried that the West has become fatigued by the cost of a war that is contributing to soaring energy costs and price hikes on essential goods around the globe. The G7 has sought to assuage those concerns.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
G7 summit: Leaders detail $600bn plan to rival China's Belt and Road initiativeG7 leaders detail plans to mobilise $600bn in funding for developing world rivalling China's Belt and Road plan
Read more »
Russia/sanctions: G7 seeks more damage to the war machine, less to its own economies\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
France pushes for higher global oil production at G7 summit\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Ukraine war: Zelensky to address G7 as Russian missiles hit citiesThe Ukrainian president calls for more weapons and says partners 'need to move faster'.
Read more »
How the G7 countries plan to hurt Russia’s oil bonanza\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »