Russia Faces , Increased Sanctions , Following G7 Summit.<br />'Newsweek' reports that the Group of Seven <br />(G7) has agreed to impose a new <br />wave of sanctions on Russia.<br />'Newsweek' reports that the Group of Seven <br />(G7) has agreed to impose a new <br />wave of sanctions on Russia.<br />According to a senior Biden administration official, the new <br />sanctions are meant to isolate Moscow from the global <br />economy and restrict its access to military technology.<br />According to a senior Biden administration official, the new <br />sanctions are meant to isolate Moscow from the global <br />economy and restrict its access to military technology.<br />The official said the sanctions would close <br />loopholes on existing sanctions that allow <br />Moscow access to certain banned goods.<br />'Newsweek' reports that the sanctions also <br />target Russia's energy sector and its <br />access to the international finance system. .<br />According to the unnamed official, G7 leaders <br />will also vow to keep Russian sovereign assets <br />frozen until the war is brought to an end.<br />According to the unnamed official, G7 leaders <br />will also vow to keep Russian sovereign assets <br />frozen until the war is brought to an end.<br />'Newsweek' reports that Russia is facing sanctions on <br />technology like microchips that are necessary for developing <br />precision-guided munitions and advanced weapons.<br />'Newsweek' reports that Russia is facing sanctions on <br />technology like microchips that are necessary for developing <br />precision-guided munitions and advanced weapons.<br />The U.S. is expected to take a number of additional <br />steps that target different sectors of the Russian economy <br />and more closely align with EU and U.K. sanctions.<br />The U.S. is expected to take a number of additional <br />steps that target different sectors of the Russian economy <br />and more closely align with EU and U.K. sanctions.<br />Bottom line, we're upping <br />the economic pressure on Russia, Anonymous Biden administration official, via 'Newsweek'.<br />The new wave of sanctions comes as Ukraine <br />prepares for a counteroffensive aimed at <br />reclaiming territory taken by Russia.<br />Meanwhile, Ukrainian President Volodymyr Zelensky <br />has continued to call on Western allies <br />to increase military aid for his country.<br />Meanwhile, Ukrainian President Volodymyr Zelensky <br />has continued to call on Western allies <br />to increase military aid for his country
