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US Expands Sanctions on Russia at G7 Summit
2024-06-12 19:59:06

US Expands Sanctions on Russia at G7 Summit

Amid the ongoing conflict in Ukraine, the US has announced a significant expansion of sanctions targeting entities in Russia, China, and other countries providing support to Moscow. These measures aim to disrupt Russia's military modernization efforts by cutting off access to critical supplies and technologies.

The Biden administration's move includes sanctions on Chinese companies aiding Russia's arms sector and limiting the sale of semiconductor chips to Moscow. As G7 leaders gather in Italy, discussions will also focus on providing financial aid to Ukraine, confronting global challenges, and addressing Russia's aggression in the region.

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Read 7 more recent news on this topic

The press radar on this topic:

EURACTIV.com
12. Juni 2024 um 04:58

US to widen sanctions on sale of semiconductor chips to Russia

Politics
The US government plans to broaden sanctions on the sale of semiconductor chips and other goods to Russia, targeting third-party sellers in China to impact Moscow's war effort against Ukraine. The Biden administration aims to strengthen export controls by including US-branded goods and identifying Hong Kong entities shipping goods to Russia. The announcement coincides with President Biden's departure for a summit in Italy with G7 leaders to discuss bolstering support for Ukraine and disarming..
New York Times - Europe
12. Juni 2024 um 19:35

At the G7, Biden Will Push for Frozen Russian Assets to Help Ukraine

Politics
Finance
Technology
President Biden and his allies are considering using frozen Russian assets to aid the reconstruction of Ukraine, with discussions ongoing about a loan of $50 billion to rebuild the country's infrastructure. The Group of 7 summit in Italy will address various topics, from reversing Russia's momentum to achieving a cease-fire between Israel and Hamas, with a focus on harnessing the power of artificial intelligence.
The Guardian
12. Juni 2024 um 17:41

G7 countries head to Italy for summit as Ukraine and Russia top the agenda

Politics
Economy
Finance
Environment
The G7 summit in Italy will focus on expanding US sanctions on entities aiding the Russian economy and a $50 billion EU loan to alleviate Ukraine's financial burden. The leaders will discuss a wide range of topics including the war in Ukraine, migration, Africa, the Middle East, climate change, and artificial intelligence. The summit aims to demonstrate Western determination to confront Russia while addressing global issues and inviting outside guests such as Pope Francis and world leaders from..
News - South China Morning Post
12. Juni 2024 um 15:04

New US wave of Ukraine sanctions includes targets in Hong Kong and mainland China

Politics
Finance
The US has imposed new sanctions targeting entities in Hong Kong and mainland China to limit support for Russia's war efforts in Ukraine. The Treasury Department's actions focus on individuals and entities enabling Russia to sustain its war effort and evade sanctions. The measures aim to reduce Russia's access to critical supplies and diminish its benefits from foreign technology and services.
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