G7 vows to drive up costs for Russia over Ukraine war
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"We will continue to keep up and drive up the economic and political costs of this war for President (Vladimir) Putin and his regime."
Over the three days of their summit, the G7 had announced several new measures to put the squeeze on Putin, including a plan to work towards a price cap for Russian oil.
The group also agreed to impose an import ban on Russian gold, a move that will further choke off Moscow's revenues.
"What people basically agreed on… was to give the Ukrainians the strategic endurance they need to try to shift the dial, to try to change the dynamic of the position. That's what needs to happen," said British Prime Minister Boris Johnson.