HIROSHIMA: The United States unveiled 'significant' new sanctions targeting Russia's 'war machine' on Friday (May 19), as President Joe Biden meets fellow G7 leaders in Japan. The heads of seven wealthy democracies are
HIROSHIMA: The United States unveiled"significant" new sanctions targeting Russia's"war machine" on Friday , as President Joe Biden meets fellow G7 leaders in Japan., where they will discuss tightening the screws on Russia's ailing economy as well as how to respond to China's growing military and economic power.
"It will cut off roughly 70 entities from Russia and other countries from receiving US exports by adding them to the Commerce blacklist. And there will be upwards of 300 new sanctions against individuals, entities, vessels and aircraft," the official said.The bloc wants to disrupt Russian war supplies, close evasion loopholes and further reduce reliance on Russian energy, he said.
On Thursday, a European Union official said one potential target for discussion was Russia's multi-billion-dollar diamond industry. Modi is among several leaders from major developing economies invited to the summit as the bloc tries to win over sceptical nations to its way of thinking on both Moscow's war and China's increasing sway.
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