The Latest Breaking News from G7

Dmytro Kuleba said the mass graves of Bucha near Kyiv were just the 'tip of the iceberg' and the situation would be worse in the besieged port city of Mariupol in the south

Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes near Kyiv, ratchetting up the already vast economic pressure on Russia over its invasion.

Cryptocurrency may be in for widespread international regulation as fears of tax and sanction evasion cause more and more pressure toward the development of an international crypto regulatory framework.

Foreign secretary urges democracies to join in applying sanctions to Russia after Ukraine invasion

Japanese Prime Minister Fumio Kishida's announcement on Thursday that he would not abandon a massive Russian gas project was decided weeks ago when he told top officials in private he wouldn't risk Japan's energy security, three sources said.

WASHINGTON: The Biden administration is weighing a plan to release roughly a million barrels of oil a day from US reserves, for several months, to combat rising gasoline prices and supply shortages following Russia’s invasion of Ukraine, according to people familiar with the matter.

Germany will continue to pay for Russian gas in euros or dollars, a government spokesman said, adding that Russian President Vladimir Putin had told the German chancellor nothing would change for European partners despite his plan for rouble payments.

Britain is focused on helping protect Ukrainians from the war and is not aiming to remove Russian President Vladimir Putin, Prime Minister Boris Johnson said on Wednesday.

Currently Russia supplies about 40 per cent of Europe’s gas needs.

The leaders of Germany, the United States, France, Britain and Italy agreed in a phone call on Tuesday afternoon to keep pushing Russia for a ceasefire and for the withdrawal of its troops from Ukraine, a German government spokesman said.

Russia is demanding payment in rubles for its natural gas exports to Europe