The Group of Seven (G7) leaders are readying new penalties on Russia and additional assistance for Ukraine at a summit in Germany to underscore their support for Kyiv as it battles Russian forces for the fifth straight month.
The G7 leaders plan to expand sanctions on Russia’s technology and defense sector, impose new tariffs on Russian goods and sanction those engaged in human rights abuses in Ukraine, according to a fact sheet distributed by the White House on Monday.
The G7 nations will also commit to helping Ukraine cover its “short-term budgetary funding shortfalls,” the fact sheet said, and pledge to provide military, humanitarian, financial, and diplomatic support for Ukraine for as long as needed.
For its part, the United States is expected to make a new $7.5 billion commitment in economic aid for Ukraine that is part of the $40 billion aid package approved by Congress last month.
The announcements came on the second day of the G7 summit in Germany, where G7 leaders met virtually with Ukrainian President Volodymyr Zelensky.
The G7 — which includes the U.S., Germany, Italy, France, Japan, the United Kingdom, and Canada — is trying to demonstrate support for Ukraine as the bloody Russian war enters its fifth month with no end in sight.
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G7 nations seek to step up pressure on Russia, aid for Ukraine https://t.co/ldIU0q5jXc pic.twitter.com/39CwR8u9v8
— The Hill (@thehill) June 27, 2022
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