President Joe Biden is set to unveil more than 300 new sanctions at the G7 summit in Italy, aimed at further isolating and financially weakening Russia. These measures, guided by G7 commitments to intensify pressure on Russia, represent the latest effort to limit the Kremlin's revenues and disrupt Moscow's ability to source materials for its war in Ukraine.
The sanctions target foreign financial institutions supporting Russia's war efforts, restrict Russia's access to specific US software and information technology services, and focus on over 300 individuals and entities enabling Russia to sustain its war effort and evade sanctions.
