The Latest Breaking News from G7

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 · Apr 6, 2022

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 · Apr 6, 2022

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 · Apr 6, 2022

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 · Apr 5, 2022

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 · Apr 4, 2022

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 · Apr 3, 2022

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 · Apr 1, 2022

India defends buying discounted Russian oil despite appeal by Truss

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

The Guardian - UK · Mar 31, 2022

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.

Reuters · Mar 31, 2022

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.

The Times of India · Mar 31, 2022