G7 Unites to Impose Stronger Sanctions on Russia.
The UK has announced plans to ban imports of Russian diamonds, copper, aluminium, and nickel, and impose new sanctions against Russia. The US and Canada have also announced new penalties on Russia, targeting gold producer Polyus and the Russian business of its peer, Polymetal. The UK import ban will have a muted impact as Russian exports of those commodities to the UK have already dropped after the imposition of tariffs. Russia is a major producer of aluminium, nickel, diamonds, and gold. The UK's diamond ban is important in the context of broader G7 talks.