Wealthy G7 nations gearing up for new volley of sanctions on Russia

Japan's Prime Minister Fumio Kishida chairs the online meeting with G7 leaders and others, on the day to mark the first anniversary of Russia's invasion of Ukraine, at his residence in Tokyo, Japan February 24, 2023, in this photo released by Japan's Cabinet Public Relations Office via Kyodo. Japan's Cabinet Public Relations Office via Kyodo/via REUTERS

The Group of Seven nations are preparing new, further-reaching sanctions on Russia a year after its invasion of Ukraine, targeting key economic sectors and other countries or organisations who help Moscow's war effort.

Leaders of the bloc of developed nations will meet virtually on Friday with Ukrainian President Volodymyr Zelenskiy to mark the one-year anniversary of Russia's invasion, and are expected to announce the sanctions package.