Translated by:  MOS Finance Team – Atlas

G7 leaders met with Ukrainian President Volodymyr Zelenskyy through video on Monday, emphasizing their long-term commitment to Ukraine and other new sanctions against Russia such as price caps on Russian oil and higher tariffs on Russian goods, according to the Washington Post on June 27. In addition, the U.S. is prepared to buy advanced surface-to-air missile systems for Ukraine.

The details of how the price caps will work, and their impact on the Russian economy, will be addressed by the G7 countries in the coming months. The U.S. has announced new tariffs on 570 Russian goods to disrupt its defense supply chain. The U.S. will also purchase Norway’s NASAMS air defense system to provide Ukraine with medium- and long-range defense capability. During the talks, Zelenskyy publicly expressed concern about the West becoming fatigued by soaring energy prices and rising global prices for basic commodities due to the impact of the war.

German Chancellor Olaf Schulz said that the G7 countries are “very united” in their policy towards Ukraine, saying that they want to help Ukraine as much as possible, but at the same time believe that it is necessary for these policies to be both tough and prudent.

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Edited and posted by: Maverick (Janibek L.)

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