WASHINGTON — The U.S., European Union and Group of Seven leaders on Sunday unveiled a fresh round of sanctions targeting Russia’s industrial sector, state-controlled media and Russian and Belarusian finance executives from major banks including Russia’s Gazprombank.
The G-7 countries — including Britain, France, Germany, Japan, Canada and Italy — also vowed to phase out or ban the import of Russian oil, a move that European leaders have so far resisted but that was proposed by the European Union last week. The U.S. has already banned the import of Russian oil, gas and coal as a result of Russia’s ongoing invasion of Ukraine that began in late February.
The announcement came as President Joe Biden held virtual talks with G-7 leaders along with Ukrainian President Volodymyr Zelenskyy on the eve of Russia’s Victory Day, marking the defeat of Nazi Germany in 1945.
