The United States is poised to announce significant new sanctions against financial institutions and non-banking organizations that are part of “technology and goods supply channels” for the Russian military-industrial complex.
The US will announce new sanctions and export controls against Russia during the G7 leaders’ summit in southern Italy later this week. White House spokesman John Kirby said this on Tuesday, June 11, Voice of America wrote.
“There will be a set of new, effective sanctions and export controls that will target organizations and networks that help Russia carry out its war,” he said.
As the publication points out, the White House also expects that next week the G7 will send a stern warning to medium and small Chinese banks that are helping Russia avoid Western sanctions.
Sources in Washington say the United States is poised to announce significant new sanctions against financial institutions and non-banking entities that are part of “technology and goods supply channels” for the Russian military. – industrial complex. But it remains to be seen whether other G7 members are willing to follow the US’s hard line.
“We will continue to impose costs on the Russian military machine,” Kirby said.
The annual summit of the leaders of the leaders of the developed economic democratic countries of the world – the Big Seven (G7) will take place this year in Italy from June 13 to 15, in Puglia in southern Italy, at the Borgo Egnasia Hotel.
The G7 consists of the USA, Japan, Canada, Germany, France, Italy and the UK. The European Union participates in all discussions and is represented by the Presidents of both the European Council and the European Commission.
The summit will begin on Thursday with discussions on the African continent, climate change and development. The leaders will then discuss the situation in the Middle East before two sessions focused on Ukraine, the first of which will feature Ukrainian President Volodymyr Zelensky.
The expansion of anti-Russian sanctions was one of the topics of discussion at the G7 meeting.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.