Leaders of the world's most powerful democracies have vowed to tighten punishments on Russia for invading Ukraine, declaring Friday that their support 'will not waver.'
, days before President Volodymyr Zelenskyy joins the Group of Seven summit in person on Sunday.
Russian President Vladimir Putin’s nuclear threats against Ukraine, along with North Korea's months-long barrage of missile tests and China’s rapidly expanding nuclear arsenal, have resonated with Japan’s push to make nuclear disarmament a major part of the summit. World leaders Friday visited a peace park dedicated to the tens of thousands who died in the world’s first wartime atomic bomb detonation.
The UK also announced new sanctions that freeze the assets of 86 people and organizations connected to Russia’s energy, metals, defence, transport and financial sectors. On Thursday night, Kishida opened the global diplomacy by sitting down with President Joe Biden. Kishida also held talks with British Prime Minister Rishi Sunak before the summit opened.
The economic impact of sanctions depends largely on the extent to which a targeted country is able to circumvent them, according to a recent Congressional Research Service repor t. So for the past month, U.S. Treasury officials have traveled across Europe and Central Asia to press countries that still do business with the Kremlin to cut their financial ties.
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