Kyiv’s Group of Seven allies have committed to further sanctions against Russia over its full-scale invasion of Ukraine, as officials gather for the group’s annual summit in Hiroshima, Japan, from Friday to Sunday. Ukrainian President Volodymyr Zelenskyy is expected to attend the gathering in person.
Japanese Prime Minister Fumio Kishida (R) and first lady Yuko Kishida wait to receive G7 leaders during a visit to Peace Memorial Park on the sidelines of the G7 summit on May 19, 2023 in Hiroshima, Japan.
Pool | Getty Images News | Getty Images
“We are imposing additional sanctions and measures to increase the costs for Russia and those who support its war effort,” the bloc said in a statement on Friday. “We will starve Russia of G7 technology, industrial equipment and services that support its war machine.”
The group also said it has ensured Ukraine will benefit from the budget support it requires for 2023 and early 2024.
The G-7 powers have relied on sanctions to reduce Russia’s war coffers in an effort to halt the progress of its military offensive in Ukraine.
The UK has already moved forward with concrete measures. British Prime Minister Rishi Sunak said Britain is banning imports of Russian diamonds and copper, aluminum and nickel, and announced new restrictions against the theft and resale of Ukrainian grain.