HIROSHIMA, Japan The Group of Seven (G-7) nations will increase pressure on Russia with additional sanctions as well as restrictions on goods it uses on the battlefield, according to a senior Biden administration official.
On day one of the summit in Hiroshima, the leaders will reaffirm their commitment to supporting Ukraine in a standalone statement on the war and their efforts to help the country fight for its freedom.
The Biden administration will cut off roughly 70 entities from Russia and other countries receiving US exports by adding them to the Commerce Department export blacklist.
It will also announce it is targeting some 300 entities, vessels and aircraft for circumventing existing sanctions or financially facilitating the war, according to the official.
The US will further disrupt Russias ability to source inputs for its war and will close loopholes that have allowed for sanctions evasion, the official added.
The G-7 nations will also commit to keeping Russias sovereign assets immobilised until the war is over, and will seek to further reduce reliance on the countrys energy.
Ukrainian President Volodymyr Zelensky will be joining the group virtually. Over the past week, he has been touring capitals in Europe to make the case for more weapons deliveries.
The leaders on Friday will also visit Hiroshima Peace Memorial Park to pay respects, and Mr Biden will reaffirm the US commitment to nuclear non-proliferation. BLOOMBERG More On This Topic Japan summit: G-7 to shun use of Global South to avoid giving the term legitimacy G-7 leaders to target Russian energy, trade in new sanctions steps: Sources