G7 finance leaders meeting in Canada pledged to tackle global imbalances and suggested tougher sanctions on Russia, while also taking aim at unfair economic practices widely attributed to China.
Germany’s new chancellery chief Thorsten Frei is calling for tougher EU sanctions on Russia, including potential bans on gas and uranium and using frozen Russian assets. As Berlin's tone hardens, Frei says Putin has no intent for peace and warns of continued Russian escalation.
As President Putin intensifies strikes against civilians in Ukraine, the UK is stepping up pressure with a new package of 100 sanctions, stated the UK Foreign, Commonwealth & Development Office.
The European Union is drafting its 17th package of sanctions against Russia, to be discussed at a foreign ministers' meeting in May, according to the bloc’s foreign policy chief Kaja Kallas.
The Office of Financial Sanctions Implementation (OFSI) has disclosed the full impact of UK sanctions on Russia, reporting that more than £25 billion in Russian assets have been frozen.
In response to Japan's sanctions policy, Russia has announced that it is banning nine Japanese nationals, including Japanese Foreign Minister Takeshi Iwaya, from entering its territory.
The EU adopted its 16th sanctions package against Russia, targeting its economy, shadow fleet, and military sector. New measures restrict financial networks, trade, and media, while expanding energy sanctions.
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