US will announce new Russian sanctions and export controls at G7 summit, White House says

U.S. White House National Security Communications Advisor John Kirby speaks during a press briefing at the White House in Washington, U.S., May 28, 2024. /Elizabeth Frantz/File Photo

The U.S. will announce new sanctions and export controls against Russia during the G7 summit in southern Italy later this week, White House spokesman John Kirby said on Tuesday.

The U.S. and leaders of the nation's largest economies have imposed sweeping sanctions on Russia for its 2022 invasion of Ukraine, and Kirby said they would add a new set of "impactful" sanctions and export controls that target entities and networks helping Russia to fight its war.

"We're going to continue to drive up costs for the Russian war machine," Kirby said.

Source: Reuters