Latest Live News Updates: G7 summit to announce measures increasing 'pressure on Russia', says US official - The Economic Times

Leaders at the upcoming G7 summit in Germany will announce new measures aimed at pressuring Russia over its invasion of Ukraine, a senior US official said Wednesday. "We will roll out a concrete set of proposals to increase pressure on Russia," the official said. US President Joe Biden flies Saturday to join the leaders of Britain, Canada, France, Germany, Italy, and Japan at the summit in Bavaria. The club of wealthy democracies is at the heart of a fierce economic and diplomatic campaign to punish Russia, which invaded Ukraine in February and continues to wage battles across the pro-Western country's eastern region, as well as occupying swaths of the south. After attending the G7 summit from Sunday to Tuesday, Biden will fly to Madrid for a summit of the NATO military alliance next week. Ukraine and Russia will feature heavily in both diplomatic gatherings as allies ponder how to weather the secondary impact from sanctions against Russia on their own economies -- particularly in stoking high fuel prices.

via Economictimes