5/19, 11:11 AM (Source: TeleTrader)
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G7 officially announces new round of sanctions against Russia

The Group of Seven (G7) officially announced a new round of sanctions against Russia, the group said in a statement released Friday. "We will starve Russia of G7 technology, industrial equipment, and services that support its war machine," the group stated.

The joint declaration noted that the new measures build on previous actions and will be expanded to "ensure that exports of all items critical to Russia's aggression, including those used by Russia on the battlefield, are restricted across all our jurisdictions." The group added that the most affected areas will be exports of industrial machinery, tools, construction, transportation, and business services.

On this occasion, the group also targets institutions transporting material for the front, as well as Moscow's mining, processing, production, and export of diamonds, "in order to reduce" the country's revenues.

Baha Breaking News (BBN) / JG