G7 tightens sanctions on Russia in response to invasion of Ukraine
- The U.S. and G7 allies imposed new sanctions against Russia to curb its war against Ukraine.
- The sanctions targeted hundreds of individuals and entities helping Russia evade existing sanctions and continue its invasion.
- The U.S. halted exports of consumer goods to Russia and added more companies to its trade blacklist.
- The U.K. banned imports of Russian goods like diamonds, copper and nickel and sanctioned those involved in stealing Ukrainian grain.
- The effectiveness of sanctions is debated, but officials argue they limit Russia's ability to wage war, even as Russia maneuvers to evade them.