Rishi Sunak Announces G7 Ban on Russian Diamonds, Copper, Aluminum and Nickel | Politics News

Rishi Sunak will announce a ban on the entry of Russian diamonds into Britain as the prime minister and other G7 leaders step up sanctions on Putin.

The diamond ban is part of a broader set of sanctions, with the prime minister and his allies using the annual report G7 Tokyo summit to redouble support for Ukraine.

The sanctions will also extend to imports of copper, aluminum and nickel of Russian origin, as well as freezing the $4bn (£3.2bn) diamond export market.

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The UK is also sanctioning 86 other people and companies from Putin’s military-industrial complex.

Mr Sunak is in Japan for the G7

“The sanctions imposed on Russia by the UK and G7 partners have a clear and gradual impact on the deterioration of Putin’s war effort,” the prime minister said.

“The G7 remains unified in the face of the Russian threat and firm in its support for Ukraine.”

THE Prime MinisterThe spokesman said the government expected all G7 partners to announce sanctions over the weekend in a show of force against Moscow.

But while the G7 is closely following its approach to Ukraine, the issue of managing a China still aggressive – which, along with Ukraine and the global economy, is the third political pillar of this summit – has been a more complicated and contested policy area for the G7.

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Japanese Prime Minister Kishida has repeatedly warned that “Ukraine could be Russia tomorrow” as he turns to his allies to signal strong support on how to tackle China and the risk that Beijing tries to invade Taiwan.

President Biden has committed to defending Taiwanbut this issue has divided allies, with French President Emmanuel Macron saying on a trip to China last month that Europe must not be “caught up in crises that are not ours”.

Russian metals will also be impacted

The expectation in Hiroshima is that the allies can agree on a language that bridges this gap.

European Commission President Ursula von de Leyen will propose wording it is hoped allies can agree on – that the G7 will focus on ‘risk reduction’ rather than ‘decoupling’ – in other words, continuing to engage with China on areas like trade and climate change, while pursuing policies to protect national security risks.

The G7 is expected to emerge from the summit with a united and strong front against Russia and China.

The big unknown over the weekend will be whether they can tilt some southern countries – countries like Brazil, India and Indonesia – that have been more aligned with Russia and China towards the point of view. allies.

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Rishi Sunak’s G7 Plan

Also watch if more could be said about longer-term security guarantees for Ukraine once the war is over.

The Prime Minister told us on the flight to Japan that the UK wanted to put such arrangements in place “to provide Ukraine with a deterrent in the future”.

While Boris Johnson and Donald Trump were often flies in the ointment and at odds with other allies, Mr Sunak is trying to lead forward on the world stage, and he seems to be getting a much warmer welcome in Japan than his home. .


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