G7 PLEDGES MORE SANCTIONS ON RUSSIA, CIRCUMVENTION CONTROLS AND DIRECT AND INDIRECT ASSET SEIZURES
May 21st, 2023
The G7 group of industrialised nations has promised to ramp up sanctions against Russia over its invasion of Ukraine, including additional efforts to prevent circumvention.
Following a summit in Hiroshima, Japan, the group warned G7 members increase engagement with "third countries through which restricted G7 goods, services, or technology may be provided to Russia...”
It called on “third parties to immediately cease providing material support to Russia’s aggression or face severe costs”. It said G7 member would “reinforce our coordination to prevent ...
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