G-7 Expected to Adopt Fresh Sanctions Against Russia

TELFS-BUCHEN, Austria—The Group of Seven leaders are anticipated to agree to begin work on a mechanism to cap the purchase price of Russian oil, with the U.S. additionally asserting a brand new spherical of army help for Ukraine and sanctions in opposition to Moscow, Biden administration officers stated Monday.

Leaders will direct related ministers of their nations to work on the main points of Russian oil caps, which might create a patrons’ cartel of Western nations and their allies, the official stated. There isn’t any timeline but on when the main points will probably be labored out. The situation was mentioned by G-7 leaders on Sunday, the primary day of their gathering within the Bavarian Alps.