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The Latest Breaking News from G7

Japan to unveil further sanctions on Russia after coordinating with G7, PM says

Japan will unveil further sanctions against Russia for its invasion of Ukraine as early as Friday after coordinating with Group of Seven (G7) allies on further punitive steps, Prime Minister Fumio Kishida said on Thursday.

Reuters

Yellen says Russia should be expelled from G20, U.S. may boycott some meetings

U.S. Treasury Secretary Janet Yellen said on Wednesday that Russia should be expelled from the Group of 20 major economies forum, and the United States will boycott some G20 meetings if Russian officials show up.

Reuters

Ukraine foreign minister says he will discuss need for weapons with NATO, G7 counterparts

Ukrainian Foreign Minister Dmytro Kuleba on Wednesday said he planned to appeal to his counterparts from G7 and NATO nations to fulfill Ukraine's request for sufficient weapons to counter Russian forces.

Reuters

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Russia hit with new round of U.S. sanctions as Biden decries 'major war crimes'

The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as "major war crimes" by Russian forces in Ukraine.

Reuters

First Thing: US and allies to hit Russia with new sanctions

US, G7 and EU to target Moscow with new measures as Ukraine says 4,400 incidents of alleged ‘war crimes’ being investigated. Plus, unseen photos of rock history

The Guardian - UK

US and allies to hit Russia with new sanctions as outrage over civilian killings grows

US, G7 and EU to target Moscow with new measures as Ukraine says 4,400 incidents of alleged ‘war crimes’ being investigated

The Guardian - AU

G-20 wrestles with response if Putin shows up at summit

Russia’s war in Ukraine is looming large over a Group of 20 summit that’s still seven months off, with officials frantically preparing in case President Vladimir Putin decides to show up.

Tribune News Service

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UK and EU on collision course as Brussels fails to set ‘clear timetable’ to boycott Russian gas

Liz Truss to confront G7 foreign ministers after EU’s latest sanctions package fails to mention ending imports

The Independent UK

Foreign Secretary Liz Truss says scenes from Bucha shocked the world

Foreign Secretary Liz Truss has said the world was shocked by the scenes in Bucha.

Evening Standard

UK urges G7 to ban Russian ships and set timetable for oil and gas exit

Britain will urge G7 nations on Tuesday to ban Russian ships from their ports, agree a timetable to phase out oil and gas imports from Russia, and further tighten sanctions on banks and key industries.

Reuters

West must hit Russian economy even harder, says Liz Truss

UK foreign secretary reveals Moscow now cannot access 60% of foreign currency reserves

The Guardian - UK

Ukraine says Mariupol 'much worse' than Bucha as Russia inflicts 'rape, torture and killings'

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

Daily Mirror

Germany says West to agree more sanctions on Russia after Bucha killings

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.

Reuters

Are Crypto's Wild West Days Over? Bank Of Japan Official Says G7 Nations Should Adopt Common Crypto Regulation

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.

Benzinga

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The Guardian - UK

India defends buying discounted Russian oil despite appeal by Truss

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

Reuters

Analysis-Japanese PM Kishida decided weeks ago to keep Russian gas

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.

The Times of India

Biden team weighs a massive release of oil to combat inflation

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.

Reuters

Germany says to still pay for Russian gas in euros/dollars after Scholz-Putin call

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.

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Reuters

Britain is not seeking to remove Russia's Putin - PM Johnson

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.

Irish Mirror

Vladimir Putin's next move could have huge impact on Ireland and the cost of living

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

Reuters

Scholz, Biden and allies agree to keep pushing for Russian ceasefire - German govt

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.

The Independent UK

EXPLAINER: What would paying for natural gas in rubles mean?

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

Foreign Affairs

A False Dawn for Liberalism?

Why the War in Ukraine May Not Revive the West

The Independent UK

Russia sanctions: Heineken and Carlsberg join firms severing ties over Ukraine invasion – see full list

Banks, businesses, oligarchs and Cabinet ministers all targeted with harsh economic penalties by Western democracies as punishment for Vladimir Putin’s actions

The Independent UK

Germany: G7 rejects Russia's demand to pay for gas in rubles

Germany’s energy minister says the Group of Seven major economies have agreed to reject Moscow’s demand to pay for energy imports from Russia in rubles

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