🚀 ProPicks AI Hits +34.9% Return!Read Now

UK to ban Russian diamonds at G7 in fresh round of sanctions

Published 19/05/2023, 00:24
© Reuters. British Prime Minister Rishi Sunak holds a bilateral meeting with Japan's Prime Minister Fumio Kishida on the sideline of the G7 leaders' summit in Hiroshima, western Japan May 18, 2023, in this photo released by Kyodo.    Mandatory credit Kyodo/via REUTE
HG
-

(Reuters) - Britain's Prime Minister Rishi Sunak plans to announce a ban on Russian diamonds and imports of metals from Russia including copper, aluminium and nickel in support for Ukraine, his government said in a statement.

Britain is also targeting an additional 86 people and companies from Russian President Vladimir Putin's military industrial complex, in addition those involved in energy, metals and shipping industries.

They include those supporting the Kremlin to actively undermine the impact of existing sanctions, as Britain continues to work with G7 partners to tackle all forms of sanctions circumvention, the government said.

On Monday, Britain promised Ukrainian President Volodymyr Zelenskiy long-range attack drones when he visited the country as part of a European tour aimed at securing new weapons for a counteroffensive against Russia.

© Reuters. British Prime Minister Rishi Sunak holds a bilateral meeting with Japan's Prime Minister Fumio Kishida on the sideline of the G7 leaders' summit in Hiroshima, western Japan May 18, 2023, in this photo released by Kyodo.    Mandatory credit Kyodo/via REUTERS

Leaders of advanced democracies Japan, the United States, Germany, Britain, France, Canada and Italy start their Group of Seven (G7) summit on Friday in Hiroshima.

The G7 countries are poised to use the summit to announce tightened sanctions on Russia and debate strategy on a more than year-long conflict that shows no sign of easing.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.