The White House said that the G7 countries agreed to use the proceeds from high tariffs on Russian goods in the interests of Ukraine.

On the sidelines of the G7 summit in Germany, US President Joe Biden pointed out that the United States has placed unprecedented costs on Russian President Vladimir Putin to deprive him of the income he needs to finance the war against Russia. that we will ban the import of Russian gold, the main export that brings Russia tens of billions of dollars,” he explained.

G-7 meetings began yesterday at the Elmau Palace resort in the southern German Alps, with the Russian-Ukrainian war and the resulting economic crisis at the top of the summit’s agenda.

Panelists are discussing ways to contain global inflation and strengthen supply chains around the world as they seek to overcome the worsening inflationary crisis.

Participants are also expected to discuss imposing additional restrictions on Russia and reducing its financial income so that the sanctions do not lead to further price increases around the world.