G7 members to stiffen sanctions in opposition to Russia, pledge monetary help to Ukraine | World News

Leaders of the world richest democracies agreed on Friday to stiffen sanctions in opposition to Russia and pledged monetary help for Ukraine in its battle in opposition to Russia's invasion.

Beneath are key extracts from the Group of Seven leaders' assertion.

NEW SANCTIONS

"We'll broaden our actions to make sure that exports of all gadgets important to Russia's aggression together with these utilized by Russia on the battlefield are restricted throughout all our jurisdictions, together with exports of commercial equipment, instruments, and different expertise that Russia makes use of to rebuild its conflict machine."

"We'll additional goal these working in these key sectors, reminiscent of manufacturing, development, and transportation in addition to enterprise companies."

PREVENTING CIRCUMVENTION

"We'll additional forestall the evasion and circumvention of our measures in opposition to Russia, together with focusing on entities transporting materials to the entrance."

"We'll reinforce our coordination to forestall and reply to 3rd events supplying weapons to Russia and proceed to take actions in opposition to third-country actors who materially help Russia’s conflict."

"We're taking steps to additional scale back avenues for Russia to avoid our monetary measures together with by stopping third-country branches of Russian banks from getting used to keep away from sanctions."

ENERGY AND OTHER MATERIALS

"We'll proceed to scale back Russia's income to finance its unlawful aggression by taking applicable steps to restrict Russia’s vitality income and future extractive capabilities, constructing on the measures we have now taken to date, together with export bans and the worth cap for sea-borne Russian-origin crude oil and refined oil merchandise."

"We'll additional scale back reliance on civil nuclear and associated items from Russia, together with working to help international locations looking for to diversify their provides."

"We may also proceed efforts to scale back Russia’s income from metals."