The Group of Seven (G7) summit opened in Hiroshima, Japan on May 19. The G7 leaders issued a joint statement, agreeing to expand sanctions on Russia and promising to provide further support to Ukraine.
Existing sanctions against Russia will be expanded to target "the export of industrial machinery, tools and other technology that Russia uses to rebuild its war machine," and will continue to restrict Russia's gains from metals and diamond trade, G7 leaders said in a joint statement, Reuters reported.
They also pointed out that sanctions evasion by third countries has weakened the effectiveness of the measures and G7 countries are talking with the countries involved. G7 leaders also pledged further economic and military support to Ukraine this year and next.
Ukrainian President Volodymyr Zelensky will go to Hiroshima to attend the G7 summit, Ukrainian National Security and Defense Council secretary Alexei Danilov said on May 19. According to NHK, relevant Japanese government sources revealed that Zelensky will visit Japan on May 20.
Japan is arranging the meeting schedule so that Zelensky can participate in the discussion on Ukraine issues with G7 leaders on May 21.
More popular news:
'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices
Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why
IMF: US Debt Defaults Will Take a Heavy Toll on Global Economy, Global GDP Growth Can Plunge
Goldman Sachs Sees European Gas Prices Tripling, Gives Price Forecast in H2 2023
BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023
Takeaways of Warren Buffett and Berkshire Hathaway’s 2023 Annual Meeting
US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters
No Other Country can Replace China's Manufacturing Industry Including India
Global Manufacturing PMI in April Points to Greater Downward Pressure on Global Economy
SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn