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The Latest Breaking News from G7

G7 nations strip Russia of ‘most favoured nation’ status

Group of wealthy nations plan to revoke benefits and impose heavy tariffs to further isolate Moscow over Ukraine war

The Guardian - UK

Biden revokes Russia trading status, bans vodka, diamond imports

US removal of Russia as ‘most favoured nation’ done in coordination with NATO allies, G7 and EU.

Al Jazeera

UK economy rebounds; Evraz directors resign after Abramovich sanctioned; BAT quits Russia – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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G7 discussed need for energy diversity including nuclear, Japan says

Japan's industry minister Koichi Hagiuda said he and other Group of Seven (G7) energy ministers agreed on the need to quickly diversify energy sources, including using nuclear power, during a meeting on Thursday to discuss Russia's invasion of Ukraine.

Reuters

Irish dairy and beef farmers urged to grow crops amid Ukraine shortage fears

Call comes as G7 agriculture ministers prepare to discuss food price volatility as war rages in Ukraine

The Guardian - UK

Germany to host G7 meeting on Ukraine invasion's impact on food security

Germany will host a virtual meeting of agricultural ministers from G7 countries on Friday to discuss the impact of Russia's invasion of Ukraine on global food security and how to best stabilize food markets, the government said.

Reuters

Ukraine war: G7 nations condemn Russian strikes on civilians saying ‘we will hold accountable those responsible for war crimes’

Nations ‘deeply concerned with the catastrophic humanitarian toll’ amid escalating attacks on cities

Evening Standard

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G7 nations condemn attack on Ukraine civilians, urge accountability for war crimes

G7 foreign ministers on Friday said they were "deeply concerned" with the humanitarian toll from "Russia's continuing strikes" against Ukraine's civilian population and added they will hold accountable those responsible for war crimes.

Reuters

G7 to impose further sanctions on Russia if no ceasefire -Japan foreign minister

Foreign ministers of the Group of Seven (G7) advanced economies agreed on Friday they would impose further sanctions on Russia if Moscow does not stop attacking Ukraine, Japanese Foreign Minister Yoshimasa Hayashi said.

Reuters

Japan's foreign minister to attend G7 meeting about Ukraine on Friday

Japanese foreign minister Yoshimasa Hayashi will attend a Group of Seven (G7) meeting scheduled for Friday to discuss and coordinate responses to the Ukraine crisis, the foreign ministry said, as Russia's invasion of Ukraine entered its ninth day.

Reuters

G7 will seek to seize assets of key Russian elites -Yellen

The Group of Seven major economies will convene a task force to focus on freezing and seizing assets of key Russian elites as it aims to put further pressure on Russia after its invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said on Tuesday.

Reuters

Can wealthy nations stop buying Russian oil?

One option the U.S. and other nations have for ratcheting up pressure on Russia in response to its invasion of Ukraine is reducing their Russian energy purchases. U.K. Foreign Minister Liz Truss has proposed that the G7 nations – the U.S., U.K., Canada, France, Germany, Italy and Japan – impose…

The Conversation

Canada foreign minister says more sanctions coming against Russia

Canada's foreign minister said on Monday that she and her G7 counterparts agreed over the weekend to take further action against Russia in response to its military actions in Ukraine, with more sanctions coming.

Reuters

G7 leaders to hold call on Monday with NATO and EU chiefs -Italy

Leaders from the Group of Seven major industrialised nations will hold a call at 1615 GMT on Monday with the secretary general of NATO, European Union chiefs and the leaders of Romania and Poland, Italy said.

Reuters

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Asharq Al-Awsat

Biden, Allies to Talk Monday to Coordinate Ukraine Response

US President Joe Biden will hold a secure call with allies and partners on Monday to discuss "developments" in Russia's attack on Ukraine and "coordinate our united response," the White House said. The administration did not elaborate on who would participate in the call, which will take place at 11:15…

Reuters

China willing to work with U.S. on Build Back Better World initiative

China is willing to work with the United States on a G7-led global infrastructure plan and welcomes Washington to join its Belt and Road Initiative, Chinese Foreign Minister Wang Yi said on Monday.

Reuters

World Bank may be able to disburse Ukraine aid funds in days - Malpass

World Bank President David Malpass said on Sunday the bank may be able to provide Ukraine with more financial resources within days and that additional aid for the war-torn country will be discussed by G7 finance leaders on Tuesday.

Reuters

UK to press for more sanctions at G7 meeting, says foreign minister

British foreign minister Liz Truss said on Sunday she would press for further measures against Russia, particularly in cutting off their oil and gas supplies, at a meeting with her counterparts in the G7 group of rich nations.

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Reuters

Japan to coordinate with G7 on further sanctions vs Russia - foreign minister

Japan will coordinate closely with its G7 counterparts in deciding whether to impose further sanctions against Russia, Foreign Minister Yoshimasa Hayashi said on Sunday.

Chronicle Live

Everything Boris Johnson said in the Commons as he condemned Putin and imposed sanctions on Russia

Britain will target the Russian economy after Moscow launched a brutal invasion of Ukraine by land, sea and air

Reuters

Biden says G7 leaders agree on 'devastating packages' of Russia sanctions

U.S. President Joe Biden said G7 leaders had agreed to move forward on "devastating packages of sanctions" and other economic measures to hold Russia accountable for its invasion of Ukraine.

Reuters

G7 leaders slam Russian invasion of Ukraine, say to bring sanctions

The Group of Seven industrialized nations strongly condemned on Thursday Russia's invasion of Ukraine and said they would bring forward severe and coordinated economic and financial sanctions against Moscow.

The Guardian - US

‘Putin chose this war,’ Biden says as he announces new sanctions – US politics as it happened

President condemns Putin’s ‘brutal assault on the people of Ukraine’ – follow all the latest US politics news

The Guardian - UK

Boris Johnson says ‘Putin must fail’ after Cobra meeting – as it happened

UK prime minister also says he has urged fellow leaders to remove Russia from Swift as he announces larges set of sanctions ever

Al Jazeera

Russia-Ukraine: Biden vows ‘support’ in call with Zelenskyy

Biden previously said the US and its allies would announce ‘severe sanctions’ on Russia after a G7 meeting on Thursday.

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