Negotiating a stronger sanctions regimepublished at 08:39 British Summer Time 19 May 2023
Nick Marsh
in Hiroshima
From the G7’s point of view, the focus this weekend will be on how to hurt Russia economically, and therefore militarily.
There are reports that Washington is pushing for a ban on all exports to Russia, unless they have specific exemption. But Europe is much more reliant on Russian trade than the US - so an all-out ban is unlikely to be agreed.
That leaves the option of more sanctions on the table or possibly tighter ones - with an emphasis on "third country" loopholes. Countries in Central Asia, for example, have been accused of helping Russia evade sanctions.
But those third country crackdowns could get very complicated. What about Indian firms that buy Russian oil or Chinese companies doing business with Russia? Should G7 countries go after them?
Despite political differences, they are still very important trading partners. The web of global trade and connectivity can be quite fraught - and that’s what the leaders will be dealing with in the coming days.