G7 Nations Increase Russia Sanctions, Seek To Cut China Trade Dependency
NDTV
"This includes exports of industrial machinery, tools, and other technology that Russia uses to rebuild its war machine," they said in a joint statement released on Friday.
Leaders of the world's richest democracies agreed 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 (G7) leaders, who will be joined this weekend by Ukrainian President Volodymyr Zelenskiy, pledged to restrict any exports to Russia that could help it in its 15-month-old invasion of Ukraine.
"This includes exports of industrial machinery, tools, and other technology that Russia uses to rebuild its war machine," they said in a joint statement released on Friday, adding they would pursue moves to limit Russian revenues from trade in metals and diamonds.
On China, which G7 powers increasingly see in terms of a threat to economic security, they were to agree its status as the world's second-largest economy meant it was necessary to foster cooperation, an early draft of the final communique seen by Reuters said.
