As war of attrition grinds on, US and G-7 nations pledge support for Ukraine ‘as long as it takes’
by Jamie McIntyre, Senior Writer |
| June 27, 2022 07:21 AM
‘AS LONG AS IT TAKES’: As President Joe Biden meets with leaders of the Group of Seven in Germany today, the White House says the world’s leading democracies will announce “significant new sanctions” against Russia, along with an “unprecedented, long-term security commitment to providing Ukraine with financial, humanitarian, military and diplomatic support as long as it takes.”
“[Russian President Vladimir] Putin has been counting on, from the beginning, that somehow NATO would — and the G-7 would — splinter. But we haven’t, and we’re not going to,” Biden said before meeting with German Chancellor Olaf Scholz. “We can’t let this aggression take the form it has and get away with it.”
In a background call with reporters this morning, a senior administration official said the new sanctions may include a global price cap on Russian oil exports, a plan that is still under discussion. “The goal here is to starve Russia — starve Putin of his main source of cash and force down the price of Russian oil to help blunt the impact of Putin’s war at the pump.”
Other measures will attempt to further restrict Russia’s access to defense technologies and to levy higher tariffs to limit Russia’s ability to replace military equipment it has lost in Ukraine. A ban on gold exports could deny Russia as much as $19 billion in revenue.
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https://www.washingtonexaminer.com/policy/defense-national-security/as-war-of-attrition-grinds-on-us-and-g-7-nations-pledge-support-for-ukraine-as-long-as-it-takes
