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US, Ukraine Allies Consider Near-Total Ban on Exports to Russia

US and Ukraine allies may move to near-total ban on exports to Russia, G-7 officials discuss ahead of May summit in Japan, but obstacles to implementation remain.

  • US and Ukraine allies considering near-total ban on exports to Russia.
  • Group of Seven officials discussing the idea ahead of May leaders summit in Japan.
  • Obstacles to implementation include adoption by all EU members and risk of retaliation by Moscow.
  • Existing sanctions have almost halved the value of EU and G-7 exports to Russia.
  • Efforts to limit Putin's economic reach likely to be key item at G-7 summit.
US, Ukraine Allies Consider Near-Total Ban on Exports to Russia
Some of Ukraine’s key allies including the US are considering moving closer to an outright ban on most exports to Russia, a potentially significant tightening of economic pressure on President Vladimir Putin over his war.

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