As the G7 leaders gathered in southern Germany to secure fresh backing for Ukraine, world powers on Sunday agreed to impose a ban on gold exports from Russia as part of a new concerted effort to choke off Moscow’s financial lifeblood.
Before travelling to Madrid for discussions with Nato allies, US Vice President Joe Biden and his counterparts from the world’s most industrialised nations are meeting at Elmau Castle in the Bavarian Alps.
While coping with the war’s expanding worldwide repercussions, they will attempt to band together in support of Ukraine against Russia’s invasion.
Russia’s invasion of Ukraine, now in its fifth month, has engulfed the world in problems like skyrocketing inflation, an impending food crisis, and energy shortages.
