G-7 leaders condemn Russian missile strike on Ukrainian shopping center
Rescuers work at a web site of a shopping center hit by a Russian missile strike, as Russia’s assault on Ukraine continues, in Kremenchuk, in Poltava area, Ukraine June 27, 2022.
State Emergency Service Of Ukraine | by way of Reuters
G-7 leaders condemned a Russian missile strike on a Ukrainian shopping center that resulted in the demise of harmless civilians.
“We stand united with Ukraine in mourning the innocent victims of this brutal attack. Indiscriminate attacks on innocent civilians constitute a war crime,” the leaders wrote in a joint statement.
“Russian President Putin and those responsible will be held to account,” the assertion added.
Rescuers work at a web site of a shopping center hit by a Russian missile strike, as Russia’s assault on Ukraine continues, in Kremenchuk, in Poltava area, Ukraine June 27, 2022.
State Emergency Service Of Ukraine | by way of Reuters
Earlier, Ukrainian President Volodymyr Zelenskyy mentioned on the Telegram messaging platform that the strike on the mall in Kremenchuk had “no strategic value” and was not a web site affiliated with Ukrainian armed forces.
The Kremlin has beforehand denied that it targets civilians.
“We will continue to provide financial, humanitarian as well as military support for Ukraine, for as long as it takes. We will not rest until Russia ends its cruel and senseless war on Ukraine,” the G-7 leaders added.
— Amanda Macias
Russian forces launch 60 missile strikes throughout Ukraine over the weekend, U.S. Defense official says
Rescuers work on a broken residential constructing in Kyiv. Rockets hit a home and a kindergarten final Friday, leaving six folks injured and one lifeless.
Sopa Images | Lightrocket | Getty Images
Over the weekend, the Pentagon noticed roughly 60 missile strikes throughout Ukraine, in keeping with a senior U.S. Defense official.
The official, who spoke on the situation of anonymity in order to share particulars of U.S. intelligence assessments, mentioned {that a} important variety of the strikes hit Kyiv, Lviv, Chernihiv and Odesa.
“We’re not quite sure about the Russian objectives of the strikes. They certainly could be a protest against the G-7, or the arrival of HIMARS in the country,” the official advised reporters on a convention name.
The Defense official additionally mentioned that the Pentagon assessed there to be civilian casualties in Kyiv following a strike that hit an residence constructing.
“Not unusual to hear of civilian casualties associated with Russian strikes, sadly,” the official added.
— Amanda Macias
Biden set to announce prolonged U.S. troop presence in Poland
US troopers are seen close to a army camp in Arlamow, southeastern Poland, close to the border with Ukraine, on March 3, 2022.
Wojtek Radwanski | AFP | Getty Images
President Joe Biden is slated to announce at the NATO summit in Spain the extension of U.S. troops in Poland, a number of officers advised NBC News.
The adjustments to the U.S. troop footprint may have an effect on NATO member international locations Lithuania, Latvia and Estonia, in keeping with the folks acquainted with the matter, who embody two Defense officers, two former administration officers and a European official.
The officers advised NBC News that a number of hundred U.S. troops could stay in Poland on a extra everlasting foundation.
Since Moscow invaded Ukraine on Feb. 24, the Biden administration has deployed greater than 100,000 U.S. troops to NATO-member international locations.
— Amanda Macias
Biden slated to fulfill with European leaders on sidelines of G-7 earlier than heading to NATO summit
U.S. President Joe Biden, heart, attends a working lunch with different G7 leaders to debate shaping the international economic system. The Group of Seven main financial powers are assembly in Germany for his or her three-day annual gathering.
Kenny Holston | The New York Times by way of AP, Pool
President Joe Biden will meet with German Chancellor Olaf Scholz, French President Emmanuel Macron and British Prime Minister Boris Johnson on Tuesday on the sidelines of the G-7 summit. Following the assembly, Biden will ship remarks at the ultimate session of the G-7 earlier than touring to Madrid, Spain.
In Spain, Biden will take part in the NATO leaders summit earlier than holding a bilateral assembly with Spanish President Pedro Sánchez.
The two leaders will talk about methods to proceed “supporting Ukraine and holding Russia accountable,” in keeping with a White House launch.
— Amanda Macias
Turkey’s Erdogan adamant on objections to Sweden, Finland NATO bids
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) throughout a gathering at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout by way of REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT
Murat Cetinmuhurdar | Reuters
Turkey’s president says he’ll do “whatever is necessary for our country’s rights and interests” at the NATO summit in Spain.
President Recep Tayyip Erdogan mentioned Monday he’d present paperwork and visuals on “terror groups,” together with Kurdish militant teams and the community of exiled cleric Fethullah Gulen blamed for a 2016 tried coup in Turkey, to point out his counterparts the “hypocrisy” on terror.
Ankara has objected to Sweden’s and Finland’s bids to affix NATO, citing what it considers to be a lax method to teams Turkey deems nationwide safety threats, together with the Kurdistan Workers’ Party, or PKK, and its Syrian extension.
Turkey has demanded the two Nordic international locations extradite wished people and carry arms restrictions imposed after Turkey’s 2019 army incursion into northeast Syria.
“We will tell them clearly that it is not possible to expect a different attitude from Turkey unless this picture changes,” he mentioned after a cupboard assembly in Ankara.
— Associated Press
Russian artillery captured by Ukraine displayed in Poland
A destroyed Russian T-72B tank and self-propelled howitzer captured by Ukrainian military are introduced throughout an exhibition referred to as “For our freedom and yours” in the outdated city of Warsaw, Poland June 27, 2022.
Kacper Pempel | Reuters
A destroyed Russian self-propelled howitzer captured by Ukrainian military is introduced throughout an exhibition referred to as “For our freedom and yours” in the outdated city of Warsaw, Poland June 27, 2022.
Kacper Pempel | Reuters
People stroll in entrance of a destroyed Russian self-propelled howitzer captured by Ukrainian military that’s introduced throughout an exhibition referred to as “For our freedom and yours” in the outdated city of Warsaw, Poland June 27, 2022.
Kacper Pempel | Reuters
— Kacper Pempel | Reuters
Biden raises tariffs on sure Russian imports to 35%
The transfer would add to a sequence of punitive penalties imposed by the West on Russia since its onslaught of Ukraine started on Feb. 24.
Maxim Shemetov | Reuters
The Biden administration raised the tariff charge on sure Russian imports to 35%, in keeping with the White House.
The increased 35% obligation applies to imports of “certain other products of the Russian Federation, the importation of which has not already been prohibited.” It was not instantly clear what further merchandise would face the 35% duties.
The transfer follows the suspension of Russia’s “most favored nation” buying and selling standing attributable to its ongoing war in Ukraine.
The Biden administration beforehand banned U.S. imports of Russian petroleum and power merchandise, fish, seafood, alcoholic drinks and non-industrial diamonds.
— Amanda Macias
Zelenskyy says Russian missile strikes hit Ukrainian shopping center
Rescuers work at a web site of a shopping center hit by a Russian missile strike, as Russia’s assault on Ukraine continues, in Kremenchuk, in Poltava area, Ukraine June 27, 2022.
State Emergency Service Of Ukraine | by way of Reuters
Ukrainian President Volodymyr Zelenskyy mentioned that Russian missile strikes focused a shopping center and harmless civilians, in keeping with an NBC News translation.
Zelenskyy mentioned on the Telegram messaging platform that the strike was in the Poltava area in central Ukraine.
“The occupiers fired rockets at the mall, where there were more than a thousand civilians. The mall is on fire, rescuers are fighting the fire and the number of victims is impossible to imagine,” Zelenskyy mentioned on Telegram.
“No strategic value. Only the attempt of people to live a normal life, which angers the occupiers. It is useless to hope for adequacy and humanity from Russia,” he added.
The Kremlin has beforehand denied that it targets civilians.
— Amanda Macias
WNBA star Brittney Griner’s trial set for Friday
A detailed up shot of Brittney Griner #42 of the Phoenix Mercury at follow and media availability throughout the 2021 WNBA Finals on October 11, 2021 at Footprint Center in Phoenix, Arizona.
Michael Gonzales | National Basketball Association | Getty Images
WNBA star and two-time Olympian Brittney Griner, at the moment detained in Russia, will seem in court docket for her trial on Friday.
The 31-year-old skilled athlete has been accused of smuggling cannabis oil, a cost that carries as much as 10 years in jail. Her arrest got here days earlier than Russian President Vladimir Putin ordered an invasion of Ukraine, triggering worldwide backlash and a slew of punishing sanctions.
“The Department of State has determined that the Russian Federation has wrongfully detained U.S. citizen Brittney Griner. The U.S. government will continue to provide appropriate support to Ms. Griner and her family. We will continue to press for her release,” a State Department spokesman wrote in a press release to NBC News.
— Amanda Macias
National safety adviser confirms U.S. will present Ukraine with air protection techniques
Jake Sullivan, White House nationwide safety adviser, speaks throughout an interview at an Economic Club of Washington occasion in Washington, D.C., U.S., on Thursday, April 14, 2022.
Al Drago | Bloomberg | Getty Images
National safety adviser Jake Sullivan confirmed that the U.S. is in the ultimate levels of getting ready a safety package deal for Ukraine that features superior air protection capabilities.
“We do intend to finalize a package that includes advanced medium- and long-range air defense capabilities for the Ukrainians, along with some other items that are of urgent need, including ammunition for artillery and counterbattery radar systems,” Sullivan advised reporters on the sidelines of the G-7 summit in Krun, Germany.
“I won’t get into the details of the system. I’ll wait until the contract actually gets done,” he mentioned. He added that President Joe Biden knowledgeable his G-7 counterparts and Ukrainian President Volodymyr Zelenskyy of the upcoming safety help package deal.
The U.S. has dedicated $6.1 billion in protection help since Russia invaded Ukraine in late February.
— Amanda Macias
UN says not less than 4,731 killed in Ukraine since begin of war
Gravedigger Alexander, digs a grave at the cemetery of Irpin, on the outskirts of Kyiv, on Wednesday, April 27, 2022.
Emilio Morenatti | AP
The United Nations has confirmed 4,731 civilian deaths and 5,900 accidents in Ukraine since Russia invaded its ex-Soviet neighbor on Feb. 24.
The Office of the U.N. High Commissioner for Human Rights mentioned the demise toll in Ukraine is probably going increased, as a result of the armed battle can delay fatality studies.
The worldwide group mentioned most of the civilian casualties recorded had been attributable to the use of explosive weapons with a large influence space, together with shelling from heavy artillery and a number of launch rocket techniques, in addition to missiles and airstrikes.
— Amanda Macias
NATO to significantly enhance its high-readiness power to 300,000
NATO Secretary General Jens Stoltenberg holds a news convention forward of a NATO defence ministers’ assembly at the alliance’s headquarters in Brussels, Belgium June 15, 2022.
Yves Herman | Reuters
The NATO army alliance will enhance the variety of its forces at excessive readiness to over 300,000 from the present variety of 40,000, Secretary-General Jens Stoltenberg said on Monday.
“We will transform the NATO Response Force and increase the number of our high readiness forces to well over 300,000,” said at a press conference on Monday, forward of a NATO summit in Madrid that begins on Tuesday.
The summit would see NATO strengthen its ahead defenses and improve its battlegroups in the jap a part of the alliance, he mentioned. “We will also boost our ability to reinforce in crisis and conflict,” he added. It would do that with:
- More pre-positioned gear, and stockpiles of army provides.
- More forward-deployed capabilities, like air protection.
- Strengthened command and management.
- And upgraded protection plans, with forces pre-assigned to defend particular allies.
The NATO Response Force is a high-readiness power comprising land, air, sea and particular forces items which are able to being deployed rapidly. The power at the moment includes round 40,000 troops.
NATO’s bulletins come as the army alliance tries to greatest help Ukraine in repelling the Russian invasion, with numerous NATO members sending arms to Kyiv, however attempting to keep away from a direct confrontation with nuclear energy Russia.
NATO’s summit will see its 30 member international locations meet, in addition to representatives from its allies. Australia, Japan, New Zealand, and the Republic of Korea will be part of the summit for the first time, and Georgia and the European Union will even participate.
— Holly Ellyatt
‘For so long as it takes’: G-7 points assertion in assist of Ukraine
The G-7 — which includes the world’s most rich nations of the U.S., U.Ok., Canada, France, Italy, Germany and Japan — has printed a press release in which they affirm their continued assist for Ukraine and dedicated to additional punishing Russia on the financial entrance.
“We will continue to provide financial, humanitarian, military and diplomatic support and stand with Ukraine for as long as it takes,” the G-7 mentioned in the communique on Monday.
The teams mentioned it was dedicated to sustaining and intensifying worldwide financial and political stress on President Putin’s regime and what it referred to as “its enablers” in Belarus, depriving Russia of the financial means to persist in its war of aggression in opposition to Ukraine.
The focused use of coordinated sanctions would, the group mentioned, proceed “for as long as necessary.” Sanctions imposed on Russia to this point had been, the leaders mentioned, “in defence of the rules-based international order that Russia has so egregiously violated.” And there can be extra sanctions, they famous.
“We will continue to explore new ways to isolate Russia from participating in the global market and crack down on evasion. We are determined to reduce Russia’s revenues, including from gold. We will also continue to target evasion and backfilling activities,” the G-7 mentioned.
It added that it will additional cut back Russia’s export revenues by taking “appropriate steps to further reduce dependency on Russian energy,” and “further restrict Russia’s access to key industrial inputs, services, and technologies produced by our economies, particularly those supporting Russia’s armament industrial base and technology sector.”
Finally, the G-7 added that it’ll enhance the prices of Russia’s war on Ukraine by imposing focused sanctions on these answerable for war crimes, exercising illegitimate authority in Ukraine, and those who it mentioned had been “standing behind Russia’s engagement in efforts to increase global food insecurity by stealing and exporting Ukrainian grain or otherwise profit illegitimately from the war.”
The group mentioned it will help the international economic system and would take motion to assist mitigate spillover results from the sanctions, particularly referring to humanitarian and different primary wants, and weak populations.
— Holly Ellyatt
‘Ukraine feels the assist of the G-7,’ Zelenskyy states
President Zelenskyy has issued a press release on Telegram following his video tackle of G-7 leaders in Germany immediately:
“I addressed the G-7 leaders’ summit in Schloss Elmau by video conference. Ukraine feels the support of the G-7 states. Thank you for your defense and financial assistance to our country in the fight against the Russian invasion. For us, the consistent position of the G-7 countries on sanctions is also important. They should continue to increase, in particular by limiting the price of oil exported by the aggressor.”
— Holly Ellyatt
Zelenskyy reportedly asks G-7 for anti-aircraft protection techniques, sanctions and safety ensures
From left to proper: Britain’s Prime Minister Boris Johnson, European Commission President Ursula von der Leyen, US President Joe Biden and European Council President Charles Michel have taken seat at a spherical desk as Ukraine’s President Volodymyr Zelensky (on the display) addresses G-7 leaders by way of video hyperlink throughout their working session on June 27, 2022 at Elmau Castle, southern Germany.
Kenny Holston | Afp | Getty Images
Ukraine’s President Volodymyr Zelenskyy has addressed the leaders of the Group of Seven nations which are gathered in Munich, Germany, and has pressed them for extra assist to finish the war earlier than winter units in.
Zelenskyy has reportedly requested anti-aircraft protection techniques to assist shield Ukraine and has mentioned he desires the war to finish earlier than the finish of the 12 months, Reuters reported citing two unnamed European officers current at the summit.
Addressing the leaders of the U.S., U.Ok., Canada, France, Germany, Italy and Japan, Zelenskyy additionally requested for extra sanctions on Russia and safety ensures, Reuters mentioned, citing one European official who spoke on situation of anonymity.
Zelenskyy additionally reportedly requested for assist to export grain from Ukraine and for reconstruction help.
— Holly Ellyatt
Russia prone to enhance its dependence on reserve forces, UK says
Over the coming weeks, Russia’s marketing campaign in Ukraine “will highly likely increasingly rely on echelons of reserve forces,” mentioned Britain’s Ministry of Defense.
Those encompass a number of distinct parts which Russia has virtually actually already began to discipline, the ministry mentioned in its newest intelligence replace on Twitter on Monday.
“Russia’s Combat Army Reserve is a recent innovation of part-time but volunteer reservists, which deploy as whole units typically ear-marked for rear area security tasks,” the U.Ok. mentioned.
In addition, it mentioned Russia may name upon a “sizable pool of all veterans who have served in the regular military in the last five years,” including that Russian authorities are possible utilizing volunteers from that class to fill out the third battalions inside common brigades.
“Despite a continued shortfall in the number of deployable reservists for Ukraine, the Russian leadership likely remains reluctant to order a general mobilisation,” the ministry famous.
While Russia’s foremost operational focus stays the Severodonetsk-Lysychansk pocket, every week of persistently heavy shelling suggests Russia is now attempting to regain momentum on the northern Izium axis, heading up towards the second-largest Ukrainian metropolis of Kharkiv.
“Ukrainian forces continue to hold the line in that sector, making good use of forested terrain to assist their defence,” the ministry mentioned.
— Holly Ellyatt
Having seized Severodonetsk, Russian forces at the moment are mentioned to be blockading its neighbor
Ukrainian troopers experience on an armored personnel service in the Luhansk area on June 23, 2022. Luhansk is at the moment the web site of the fiercest combating between Russia and Ukraine.
Anatolii Stepanov | Afp | Getty Images
Russian forces at the moment are reportedly attempting to blockade the metropolis of Lysychansk, the neighboring metropolis to Severodonetsk which was totally seized by Russian forces over the weekend.
“In the Donetsk direction, the enemy, with the support of artillery, is trying to blockade the city of Lysychansk from the south,” Oleksandr Shtupun, the spokesperson for the General Staff of the Armed Forces of Ukraine, mentioned in his newest army replace on Monday.
He mentioned Russian forces are shelling civilian and army infrastructure in the areas of Lysychansk and the surrounding settlements.
The feedback come after Russian forces seized full management of the next-door metropolis of Severodonetsk on Saturday. The seize of the metropolis, which lies reverse Lysychansk on the different aspect of the Siverskyi Donets river, got here after Ukraine ordered the “tactical” retreat of its troops from the metropolis after weeks of intense combating there.
Ukraine mentioned the withdrawal would permit its troops to combat from increased floor in Lysychansk.
— Holly Ellyatt
Russia on the brink of historic debt default as cost interval expires
Russian Finance Minister Anton Siluanov (seen right here with Russian President Vladimir Putin in 2019) reportedly advised Russian newspaper Vedomosti that Moscow will proceed to service exterior money owed in rubles, however overseas Eurobond holders might want to open ruble and onerous foreign money accounts with Russian banks in order to obtain funds.
Mikhail Svetlov | Getty Images News | Getty Images
Russia is nearing a historic debt default after a 30-day grace interval on two worldwide bond funds expired on Sunday night time.
Interest funds on two eurobonds totaling $100 million had been due on May 27, two days after the U.S. Treasury closed an exemption that had allowed Moscow to course of overseas debt funds in {dollars} by way of U.S. and worldwide banks, on a case-by-case foundation.
Russian Finance Minister Anton Siluanov has branded the scenario a “farce” and claimed it doesn’t represent a real default, as Russia has ample money and the willingness to pay, however has been prevented from doing so by worldwide sanctions.
— Elliot Smith
Russia’s neighbors concern NATO’s protection plans usually are not match for function
Finland’s military troopers attend the multinational NATO train Saber Strike in Adazi, Latvia, June 11, 2015.
Finland’s military troopers attend the multinational NATO train Saber Strike in Adazi, Latvia, June 11, 2015.
Everything modified when Russia invaded Ukraine and NATO’s protection technique should now account for the new safety atmosphere on Europe’s jap flank. That’s the coordinated message from the three Baltic international locations of Estonia, Latvia and Lithuania forward of NATO’s all-important Madrid summit this week.
Bolstering the protection of the Baltic area is seen as certainly one of the most vital selections for NATO leaders to take at the June 29-30 summit.
The 30-member army alliance is poised to mirror on how the group can reply to Europe’s new safety actuality in the wake of Russia’s onslaught in Ukraine.
“We need to move to deterrence by denial. We need a credible military construct on the Eastern flank that will deter Putin,” a spokesperson at Estonia’s overseas ministry advised CNBC. Read the whole story here.
— Sam Meredith
UK’s Boris Johnson to inform fellow G-7 leaders they need to finish Putin’s ‘stranglehold’ on meals costs
British Prime Minister Boris Johnson is because of name on world leaders gathered at the G-7 summit in Germany on Monday to take pressing motion to get important meals provides out of Ukraine.
The U.Ok. mentioned it was working with its worldwide companions on a plan to beat what it referred to as “the Russian stranglehold” on meals exports, and mentioned it’s going to work with Ukraine to restore important railways to make use of for exports as an alternative.
“Putin’s actions in Ukraine are creating terrible aftershocks across the world, driving up energy and food prices as millions of people are on the brink of famine,” Johnson will inform the summit Monday, in keeping with pre-released feedback from Downing Street.
“Only Putin can end this needless and futile war. But global leaders need to come together and apply their combined economic and political heft to help Ukraine and make life easier for households across the world. Nothing should be off the table,” Johnson will add.
The U.Ok. mentioned it was working with its worldwide companions on a plan to beat what it referred to as “the Russian stranglehold” on meals exports, and mentioned it’s going to work with Ukraine to restore important railways to make use of for exports as an alternative.
Ukraine’s President Volodymyr Zelenskyy and British Prime Minister Boris Johnson at Independence Square after a gathering on April 9, 2022.
Ukrainian Presidential Press Service | Reuters
Global meals costs have risen since the begin of the war as important produce from Ukraine (seen as the “breadbasket of Europe”) has been unable to depart the nation due to a Russian blockade of Ukraine’s ports, corresponding to Odesa, stopping exports of wheat and oil.
Ukraine provides 10% of the world’s wheat, 12%-17% of the world’s maize and half of the world’s sunflower oil, the British authorities mentioned in a press release previewing Johnson’s feedback. It mentioned 25 million tonnes of corn and wheat — the annual consumption of all the least developed international locations — cannot be exported and is at the moment liable to rotting in Ukrainian silos. “This problem is due to worsen dramatically with July’s harvest,” it famous.
— Holly Ellyatt
Zelenskyy set to press G-7 leaders for pressing assist as Russia makes beneficial properties
Ukraine’s President Volodymyr Zelenskyy is anticipated to make an impassioned plea to the leaders of the Group of Seven (G-7) rich, industrialized nations, asking them for extra heavy weaponry to fight Russian forces.
“Delays in the transfer of weapons to our state, any restrictions are actually an invitation for Russia to strike again and again,” Zelenskyy mentioned in his nightly tackle on Sunday.
He mentioned Ukraine can cease Russia’s aggression solely “if we get everything we ask for, and just in time we need it — weapons, financial support, and sanctions against Russia.”
He mentioned there aren’t any different choices “because it is here — in the sky over Kyiv, in the sea near Odesa, on the land of the Kharkiv region, Donbas, in the Kherson and Zaporizhzhia regions — that it is being decided what life will be like in Europe in the future. Here, in Ukraine, and nowhere else.”
Rescuers work on a broken residential constructing in Kyiv. Rockets hit a home and a kindergarten final Friday, leaving six folks injured and one lifeless.
Sopa Images | Lightrocket | Getty Images
Zelenskyy’s feedback come after Russia as soon as once more focused the Ukrainian capital Kyiv over the weekend, after pulling its troops again from the metropolis a number of months in the past in order to focus on the Donbas area in jap Ukraine.
The southwestern port metropolis of Odesa was additionally hit, in addition to the areas round the port of Mykolaiv farther up the coast to the east, Chernihiv in northern Ukraine, the northeastern space round Kharkiv and the Donbas.
On Sunday morning U.S. President Joe Biden confirmed that the G-7 will announce a ban on Russian gold imports, confirming earlier reports of an imminent ban.
— Holly Ellyatt
G-7 nations to announce import ban on Russian gold as Moscow sanctions widen
U.S. President Joe Biden, heart, attends a working lunch with different G7 leaders to debate shaping the international economic system. The Group of Seven main financial powers are assembly in Germany for his or her three-day annual gathering.
Kenny Holston | The New York Times by way of AP, Pool
The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, U.S. President Joe Biden confirmed on Sunday morning.
As the leaders meet in Munich, Germany, for the newest G-7 summit, Biden took to Twitter to verify earlier reports of an imminent ban.
“The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine,” he mentioned early Sunday.
“Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia.”
The transfer would add to a sequence of punitive penalties imposed by the West on Russia since its onslaught on Ukraine started on Feb. 24.
— Matt Clinch