Leaders of the world’s richest democracies acted on Friday to stiffen sanctions against Russia, while a draft communique to be issued after their talks in the Japanese city of Hiroshima stressed the need to reduce reliance on trade with China.
The Group of Seven leaders, to be joined this weekend by Ukrainian President Volodymyr Zelenskyy, pledged to restrict any exports to Russia that could help President Vladimir Putin’s invasion of his neighbour and to stop sanctions-busting.
A statement issued by G7 leaders said restrictions would cover exports of industrial machinery, tools and technology useful to Russia’s war effort, while efforts would be pursued to limit Russian revenues from trade in metals and diamonds. “Our policy approaches are not designed to harm China, we do not seek to thwart China’s economic progress and development,” noted the draft, which is still subject to change, calling for “stable and constructive” ties with Beijing.
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