JUST IN: The U.S., G7 and EU have agreed to impose sweeping new sanctions on Russia ahead of its symbolic Victory Day holiday on May 9, including additional export controls and a commitment to phase out Russian oil.
The U.S., G7 and European Union agreed to impose sweeping new sanctions on Russia ahead of its symbolicWhy it matters:
The leaders met virtually "to say, together, Putin is dishonoring those sacrifices by spreading his lies and disinformation about the barbarism he is committing in Ukraine," the official said. The new American and British services restrictions will "work in tandem" with additional G7 export controls on "wood products, industrial engines, boilers, motors, fans, and ventilation equipment, bulldozers, and many other items with industrial and commercial applications," the White House said.
The sanctions will bar American advertisers from "funding Russian propaganda" and force the networks to domestically source video cameras, microphones, software servers and other broadcast technologies.
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