The G7 announces new sanctions to punish Russia for the war in Ukraine

by time news

2023-05-19 14:30:40

The leaders of several of the seven most important nations in the world agreed this Friday new sanctions to “deprive Russia of the G7 technology, industrial equipment and services that underpin its war machine” in Ukraine.

“We have reaffirmed our commitment to a common front against Russia’s illegal, unjustifiable and unprovoked war of aggression against Ukraine,” declared the heads of state and government of the group of major industrialized democracies.

The package, announced at a summit in Hiroshima, Japan, includes restrictions on exports of goods “critical to Russia on the battlefield,” as well as measures against entities accused of taking material to the front for the benefit of Moscow.

The United States already set the tone this Friday morning by announcing new sanctions against Moscow to restrict Russia’s access to “products necessary for their combat capabilities.”

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For its part, the United Kingdom announced measures against the Russian mining sector, and in particular the diamond industry.

In its communiqué, the G7 also committed to “restrict trade and use of diamonds mined, treated or produced in Russia”, making use of tracking technologies.

The G7, or the Group of Seven, is an intergovernmental political forum made up of several of the most important countries on this side of the world. Currently, and since its creation, the G7 is made up of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

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