U.S., G7 to unveil new sanctions targeting Russia over Ukraine

FILE PHOTO: Ukraine's President Volodymyr Zelenskiy attends a working session of G7 leaders via video link on the day of the first anniversary of Russia's attack on Ukraine, in Kyiv, Ukraine February 24, 2023. Ukrainian Presidential Press Service/Handout via REUTERS

HIROSHIMA, Japan (Reuters) - The United States and the rest of the "Group of Seven" major economies will unveil new sanctions and export controls targeting Russia over its war against Ukraine, a U.S. official said ahead of a G7 summit in Japan.

G7 leaders are gathering in Hiroshima on Friday with the invasion of Ukraine, now in its second year, high on the agenda. The U.S. has spearheaded tough sanctions on Russian companies, banks and individuals, and the coming announcement is designed to reaffirm world powers' resolve to support Ukraine and squeeze Moscow.