G7 Leaders: Reasserts commitment against Russia due to invasion of Ukraine

<ul><li><p>Restriction on Exports to Russia</p><ul><li>The G7 remains committed to restricting exports of all items critical to Russia’s military and industrial base.</li></ul></li><li><p>Restriction on Russia’s Use of the International Financial System</p><ul><li>The G7 will work to further curtail Russia's use of the international financial system to support its war in Ukraine.</li></ul></li><li><p>Efforts Against Sanction Evasion</p><ul><li>The G7 leaders will increase efforts against evasion and circumvention of their sanctions and export control measures.</li></ul></li><li><p>Tightening Compliance on Russian Oil Price Cap Policy</p><ul><li>The G7 commits to tightening compliance and enforcement of the price cap policy on Russian oil, including imposing sanctions on those engaged in deceptive practices.</li></ul></li><li><p>Ban on Russian Diamonds</p><ul><li>A ban on Russian diamonds from third countries is targeted for March 1, 2024.</li><li>A direct ban on non-industrial Russian diamonds from Russia will be introduced by January 1, 2024.</li></ul></li></ul><p>Meanwhile, US Sec. of State Blinkin is saying:</p><ul><li>The latest aid package might be one of the last the U.S. can provide to Ukraine.</li><li>US Congress needs to pass presence national security supplemental funding request to allow further Ukraine eight packages</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.