At the G7 summit, the UK and the European Union announced further sanctions against Russia. For example, the British introduce a ban on diamonds and Russian metals such as copper, aluminum and nickel. The EU will “restrict” the trade in Russian diamonds.
It is estimated that the diamond trade generates about four billion euros a year for Russia. Previous European consultations on a ban on Russian diamonds have met resistance from, among others, Belgium, which buys a lot of diamonds from Russia.
The United States will completely cut another seventy companies from Russia or with Russian connections from American exports. In addition, about 300 people will be added to the sanctions list.
G7 in Hiroshima
A senior US representative told several news agencies anonymously on the eve of the G7 summit in Hiroshima, Japan. The leaders of the G7 countries (the United States, Germany, France, Italy, Japan, the United Kingdom and Canada) and the EU will begin a three-day meeting on Friday.
The purpose of the new sanctions, according to the source, is to stop the “Russian war machine”, plug the leaks and further reduce the dependence on Russian energy.
Live Blog | Day 450 of the war in Ukraine
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
