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Biden administration announces new sanctions against Russia ahead of G7 summit

US President Joe Biden will arrive at the G7 summit in Italy with over 300 new sanctions aimed at further isolating and financially weakening Russia.
 
The measures are guided by G7 commitments to intensify pressure on Russia and mark the latest move to limit the Kremlin’s revenues and hamper Moscow’s ability to source materials for its war in Ukraine.
 
The sanctions take aim at foreign financial institutions supporting Russia, restricting it’s access to certain US software and information technology services, and targeting over 300 individuals and entities whose products and services enable Moscow to sustain its war effort and evade sanction.
 
The US and its western allies have levied a series of sanctions against Russia in recent years, but the country has adapted to them.
 


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