Kyiv's Group of Seven allies have committed to further sanctions targeting Russia for its full-scale invasion of Ukraine, as officials gather for the group's annual summit in Hiroshima, Japan, from Friday to Sunday. Ukrainian President Volodymyr Zelenskyy is also expected to join the meeting.
"We are imposing further sanctions and measures to increase the costs to Russia and those who are supporting its war effort," the bloc said in a Friday statement. "We will starve Russia of G7 technology, industrial equipment and services that support its war machine."
The group also said that they have ensured Ukraine will benefit from the budgetary support it requires for 2023 and early 2024.
G-7 powers have relied on sanctions to reduce Russia's war coffers in a bid to stall the progress of its military offensive in Ukraine.
The U.K. has already stepped forward with concrete measures. British Prime Minister Rishi Sunak said the U.K. was banning imports of Russian diamonds and copper, aluminum and nickel, and announced new restrictions against the theft and resale of Ukrainian grains.