The US and the remainder of the “G7 significant economies will announce new bans and export limits aimed at Russia over its battle in Ukraine. A the United States officials said ahead of a the Group of Seven meeting in Japan.

The attack of Ukraine, which is now in its 2nd year, is a major topic of discussion. When the G7 leaders meet in Hiroshima on Friday.

The G7’s most recent initiatives, according to a U.S. official speaking to journalists on Thursday. Ahead of the summit, are intend to hinder Moscow’s access to the global financial system.

Since the attack of Ukraine began in Feb 2022, the US and its allies—including the EU & Britain—have proceeded to step up bans and export-control pressure against Russia.

Washington has clamped down on bans evasion during the past few months. Paying particular attention to dual-use goods, or those that have both military and economic uses.

A total of 300 new sanctions will also be announce by the United States against people, organisations, ships, and planes, with a focus on “financial facilitators.”

The U.S. official stated that Washington will take major measures to match its actions closely with those of the European Union and Britain