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'Unified' G7 hits Russia with new sanctions

'Unified' G7 hits Russia with new sanctions

13 Sept 13:12 Key points summarised by AI
  • G7 nations imposed new sanctions on Russia's "war machine," specifically targeting its lucrative diamond trade and hundreds of entities and individuals linked to the invasion of Ukraine.
  • The United States blacklisted 70 entities and over 300 individuals/assets, while Britain announced its own ban on Russian diamonds, aluminum, copper, and nickel imports.
  • Ukrainian President Volodymyr Zelensky is expected to address the summit, as G7 leaders aim to strengthen existing sanctions, close loopholes, and collectively pressure Russia.
  • Beyond Ukraine, the summit agenda includes discussions on diversifying crucial supply chains away from China and insulating sectors from "economic coercion" without full "decoupling."
  • Leaders also visited Hiroshima's peace park, emphasizing nuclear disarmament, though current geopolitical tensions, including thinly veiled nuclear threats from Moscow, make reducing stockpiles unlikely.
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