G7 Leaders Will Trade In New Sanctions That Target Russian Energy

At their summit this week in Japan, the leaders of the Group of Seven (G7) countries intend to impose further sanctions on Russia.

The persons stated that further measures outlined by the leaders during the talks on May 19–21 will target third-country sanctions.

In a separate development, U.S. officials anticipate that the G7 would agree to change its approach to sanctions such that, at least for some categories of commodities.

The G7’s current sanctions policy permits all items to be supplied to Russia unless they are specifically banned.

A U.S. source who asked to remain unnamed said, “You should expect to see, in a handful of spaces