Group of 7 leaders were finalizing plans to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions.
ELMAU, Germany — Ukrainian President Volodymyr Zelenskyy on Monday underscored the urgency of helping his country’s military improve its position against Russia in a video meeting with leading economic powers, who in turn pledged to support Ukraine “for as long as it takes.”
Ukrainian officials stressed the need for more air-defense systems on Monday after Russia launched a missile attack on a crowded shopping center in the central city of Kremenchuk. Officials said 1,000 civilians were in the mall with at least twenty injured and two dead. After hearing from Zelenskyy, the leaders pledged in a statement to support Ukraine “for as long as it takes.” They said it is up to Ukraine to decide on a future peace settlement.
The largest democratic economies will also commit to raising tariffs on Russian imports to their countries, with the U.S. announcing new tariffs on 570 categories of goods. President Joe Biden on Tuesday increased the tax to 35% on certain Russian-made goods.
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