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New sanctions are announced by the G7 against Russia, and they reiterate their support for Ukraine.

New sanctions have been announced by the G7 countries against Russia in response to its invasion of Ukraine.

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New sanctions are announced by the G7 against Russia, and they reiterate their support for Ukraine.

New sanctions have been announced by the G7 countries against Russia in response to its invasion of Ukraine. A spokesman for the US delegation stated that these will have a profound impact on Russia's arms industry and supply chain. He also stressed that the leaders at the Elmau summit in the Bavarian Alps want to "make Russia pay the cost of its war." In coordination with G7 countries, the White House announced that sanctions would be imposed against several hundred Russian individuals and institutions as well as imposing tariffs on many Russian products. This announcement was made hours before Ukraine's President Volodymyr Zeleskiy was due to meet via videoconference with G7 heads of government and state. However, a senior US representative acknowledged that Washington's proposal to fix maximum oil prices in Russia and reduce Moscow's income is not yet finalized.

In Elmau, the White House reported that leaders of the G7 are working together to increase sanctions against Russia to prevent it from accessing important raw materials, materials and services. To limit Russia's ability to "replenish its war materials it has lost in its brutal war against Ukraine," the United States will increase its sanctions against the Russian arms industry. They will also impose punishing tariffs totalling 2.3 billion dollars on some 570 Russian products. The US President Joe Biden, along with other G7 leaders, wants the revenue from these punitive tariffs used to support Ukraine's war against the Russian invader.

In Elmau, Biden's office stated that all G7 leaders have agreed to punish those who committed war crimes and other human rights violations in Ukraine. "For threatening or violating Ukraine's sovereignty, territorial integrity, or political independence, as well as for suppressing Russian dissenting views, the US Foreign Ministry will ban 500 Kremlin officials from entering the country." This note highlights the commitment of the G7 to covering short-term trade deficits that Ukraine suffers. To support Ukraine financially, militarily, and diplomatically for "as long it takes" as well as with modern weapons systems.

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