London bans "bloody" Russian diamonds
The United Kingdom will announce a new package of sanctions against Russia at the G7 meeting, which to include a ban on imports of Russian-origin diamonds, copper, aluminum and nickel, along with a $4 billion (£3.2 billion) freeze on the diamond export market.
It was reported by Downing Street.
Besides, the UK government intends to impose sanctions on 86 individuals and military-industrial companies involved in the Kremlin's activities. The restrictions will also target "Putin's friends" actively trying to undermine the impact of existing bans. So far, the total UK sanctions list totals more than 1,500 people.
At today's G7 Summit, Rishi Sunak will focus on strengthening diplomatic military and economic support for Ukraine in its fight against Russia and hopes that his colleagues will support him.
“We are meeting today in Hiroshima, a city that exemplifies both the horrors of war and the dividends of peace. We must redouble our efforts to defend the values of freedom, democracy and tolerance, both in Ukraine and here in the Indo-Pacific,” Rishi said.
Moreover, a new "crushing" sanctions package from the United States will soon be announced, which will include 300 new sanctions against individuals, entities, ships and aircraft, as well as cut off roughly 70 entities from Russia and third countries from receiving U.S. exports, as previously stated at a press conference on the eve of the first day of the G7 summit.
“These will go after financial facilitators, as well as future energy and extractive capabilities of Russia and other actors helping to support the war. This will include designations across Europe, the Middle East, and Asia.”
A group of the world's largest economies is expected to support sanctions against Russia over its war in Ukraine this weekend. And the war in Ukraine will be on the top of the agenda at the G7 summit in Hiroshima.