G7 members meet virtually as Biden unveils sweeping new US sanctions on Russia
President Joe Biden met with leaders of the Group of Seven nations and Ukrainian President Volodymyr Zelenskyy Friday as his administration announced sweeping new sanctions against Russia one-year into Russian President Vladimir Putin’s invasion of Ukraine.
“One year ago, the G7 met following Putin’s assault against Ukraine,” Biden wrote in a tweet. “Now, not only does Ukraine stand, but the global coalition in support of Ukraine is stronger than ever, with the G7 as its anchor.”
The White House said Friday that the United States will impose sanctions on 200 individuals and entities, which include Russian as well as third-country actors in Europe, Asia and the Middle East that are supporting Russia’s war efforts. A dozen Russian financial institutions will also be targeted.
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Takeaways
Through new sanctions and assistance, Biden is out to show that the U.S. and allies will stand with Ukraine for as long as it takes.
Resilience among allies was a major theme of Biden’s speech Wednesday in Warsaw, commemorating the one-year mark of a war that has no end in sight.
“Putin no longer doubts the strength of our coalition,” Biden said. “But he still doubts our conviction. He doubts our staying power. He doubts our continued support for Ukraine.”
Biden said Putin “was wrong” in assuming Ukraine would quickly collapse and NATO would fracture. Now he wants to prove Putin wrong again by demonstrating sustained economic and military support.
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